KBC Group NV Sells 3,188 Shares of Frontier Communications Parent, Inc. $FYBR

KBC Group NV lessened its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 37.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,375 shares of the company’s stock after selling 3,188 shares during the period. KBC Group NV’s holdings in Frontier Communications Parent were worth $196,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FYBR. Vanguard Group Inc. grew its position in Frontier Communications Parent by 0.3% during the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock worth $873,364,000 after buying an additional 77,795 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Frontier Communications Parent by 274.3% during the 1st quarter. AQR Capital Management LLC now owns 144,982 shares of the company’s stock valued at $5,199,000 after acquiring an additional 106,245 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Frontier Communications Parent during the 1st quarter worth $322,000. Polar Asset Management Partners Inc. grew its holdings in shares of Frontier Communications Parent by 407.0% during the 1st quarter. Polar Asset Management Partners Inc. now owns 900,000 shares of the company’s stock worth $32,274,000 after purchasing an additional 722,500 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Frontier Communications Parent in the first quarter worth $23,908,000.

Wall Street Analyst Weigh In

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

Frontier Communications Parent Trading Up 0.2%

Shares of FYBR opened at $37.90 on Wednesday. Frontier Communications Parent, Inc. has a 52-week low of $34.39 and a 52-week high of $37.97. The business’s fifty day moving average is $37.54 and its 200-day moving average is $36.96. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of -24.93 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data 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. Frontier Communications Parent had a negative return on equity of 7.91% and a negative net margin of 6.24%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company earned ($0.33) EPS. Frontier Communications Parent’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

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.