Kintayl Capital LP Makes New $3.21 Million Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Kintayl Capital LP purchased a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 89,508 shares of the company’s stock, valued at approximately $3,210,000. Frontier Communications Parent comprises 2.3% of Kintayl Capital LP’s holdings, making the stock its 16th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Frontier Communications Parent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company’s stock worth $842,412,000 after buying an additional 303,545 shares during the last quarter. Norges Bank acquired a new position in Frontier Communications Parent in the fourth quarter worth approximately $191,247,000. Tudor Investment Corp ET AL acquired a new position in Frontier Communications Parent in the fourth quarter worth approximately $114,555,000. Adage Capital Partners GP L.L.C. grew its position in Frontier Communications Parent by 472.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company’s stock worth $109,295,000 after buying an additional 2,599,714 shares during the last quarter. Finally, Northern Trust Corp grew its position in Frontier Communications Parent by 24.9% in the fourth quarter. Northern Trust Corp now owns 2,078,942 shares of the company’s stock worth $72,139,000 after buying an additional 413,800 shares during the last quarter.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock opened at $36.75 on Wednesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -23.71 and a beta of 0.95. Frontier Communications Parent, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21. The firm’s 50 day moving average price is $36.45 and its two-hundred day moving average price is $36.01.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Frontier Communications Parent’s revenue was up 3.5% on a year-over-year basis. On average, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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.