KRYGER CAPITAL Ltd Cuts Position in Frontier Communications Parent, Inc. $FYBR

KRYGER CAPITAL Ltd reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,879,772 shares of the company’s stock after selling 108,648 shares during the quarter. Frontier Communications Parent comprises approximately 12.7% of KRYGER CAPITAL Ltd’s holdings, making the stock its 3rd largest position. KRYGER CAPITAL Ltd owned 0.75% of Frontier Communications Parent worth $68,424,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after buying an additional 699 shares during the period. Brooklyn Investment Group raised its position in Frontier Communications Parent by 46.1% in the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock worth $41,000 after acquiring an additional 359 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Frontier Communications Parent in the 1st quarter valued at about $74,000. GAMMA Investing LLC boosted its position in shares of Frontier Communications Parent by 29.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after purchasing an additional 898 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Frontier Communications Parent by 101.9% in the 1st quarter. CWM LLC now owns 5,402 shares of the company’s stock worth $194,000 after purchasing an additional 2,727 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Communications Parent in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Frontier Communications Parent Price Performance

FYBR stock opened at $37.77 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.56. Frontier Communications Parent, Inc. has a one year low of $33.72 and a one year high of $37.87. The firm has a market capitalization of $9.46 billion, a PE ratio of -24.85 and a beta of 0.94. The firm has a 50-day moving average of $37.42 and a two-hundred day moving average of $36.86.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.10. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.