LMR Partners LLP Has $75.76 Million Stake in Frontier Communications Parent, Inc. $FYBR

LMR Partners LLP boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 79.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,081,181 shares of the company’s stock after purchasing an additional 923,056 shares during the quarter. Frontier Communications Parent comprises about 0.5% of LMR Partners LLP’s holdings, making the stock its 13th biggest position. LMR Partners LLP owned 0.83% of Frontier Communications Parent worth $75,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its holdings in shares of Frontier Communications Parent by 957.5% during 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 last quarter. Brooklyn Investment Group lifted its position in Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after acquiring an additional 359 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Frontier Communications Parent by 178.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock valued at $92,000 after purchasing an additional 1,613 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its stake in Frontier Communications Parent by 49.7% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock valued at $113,000 after purchasing an additional 1,028 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Frontier Communications Parent by 29.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock worth $143,000 after purchasing an additional 898 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $38.03 on Friday. The company has a market capitalization of $9.52 billion, a PE ratio of -25.02 and a beta of 0.94. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. Frontier Communications Parent, Inc. has a 52-week low of $34.60 and a 52-week high of $38.05. The company has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $37.12.

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, beating analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned ($0.33) earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Thursday. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

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.