QRG Capital Management Inc. Buys 317 Shares of Frontier Communications Parent, Inc. $FYBR

QRG Capital Management Inc. grew its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,635 shares of the company’s stock after acquiring an additional 317 shares during the period. QRG Capital Management Inc.’s holdings in Frontier Communications Parent were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position 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 valued at $28,000 after acquiring an additional 699 shares during the period. Brooklyn Investment Group grew its position in shares of Frontier Communications Parent by 46.1% during 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 during the period. Longfellow Investment Management Co. LLC bought a new stake in Frontier Communications Parent in the 1st quarter valued at about $74,000. Fifth Third Bancorp raised its stake in Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock valued at $87,000 after acquiring an additional 323 shares during the period. Finally, GAMMA Investing LLC raised its stake in Frontier Communications Parent by 29.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after acquiring an additional 898 shares during the period.

Wall Street Analysts Forecast Growth

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

Frontier Communications Parent Stock Down 0.1%

FYBR opened at $37.32 on Monday. The company has a 50 day moving average of $37.15 and a 200 day moving average of $36.64. The company has a market cap of $9.34 billion, a PE ratio of -24.08 and a beta of 0.94. Frontier Communications Parent, Inc. has a 12 month low of $33.72 and a 12 month high of $37.87. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted ($0.49) earnings per share. On average, sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS 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.