Greenland Capital Management LP Acquires 24,326 Shares of Frontier Communications Parent, Inc. $FYBR

Greenland Capital Management LP boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 49.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,851 shares of the company’s stock after acquiring an additional 24,326 shares during the period. Greenland Capital Management LP’s holdings in Frontier Communications Parent were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FYBR. Geneos Wealth Management Inc. lifted its stake in shares of Frontier Communications Parent by 957.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after buying an additional 699 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Frontier Communications Parent by 46.1% in the first 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. Longfellow Investment Management Co. LLC acquired a new stake in shares of Frontier Communications Parent in the first quarter valued at approximately $74,000. GAMMA Investing LLC boosted its stake in shares of Frontier Communications Parent by 29.7% in the second quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after buying an additional 898 shares during the period. Finally, CWM LLC boosted its stake in shares of Frontier Communications Parent by 101.9% in the first quarter. CWM LLC now owns 5,402 shares of the company’s stock valued at $194,000 after buying an additional 2,727 shares during the period.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $37.90 on Wednesday. The firm’s 50 day simple moving average is $37.54 and its 200 day simple moving average is $36.96. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of -24.93 and a beta of 0.94. 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 1 year low of $34.39 and a 1 year high of $37.97.

Frontier Communications Parent (NASDAQ:FYBR) last issued 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 return on equity of 7.91% and a negative net margin of 6.24%.The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted ($0.33) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Frontier Communications Parent 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.