Frontier Communications Parent, Inc. $FYBR Shares Purchased by R Squared Ltd

R Squared Ltd grew its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 736.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,135 shares of the company’s stock after acquiring an additional 72,314 shares during the quarter. Frontier Communications Parent accounts for about 1.3% of R Squared Ltd’s investment portfolio, making the stock its largest holding. R Squared Ltd’s holdings in Frontier Communications Parent were worth $3,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Frontier Communications Parent in the 2nd quarter valued at approximately $207,593,000. Balyasny Asset Management L.P. raised its holdings in Frontier Communications Parent by 130.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,552,418 shares of the company’s stock worth $165,708,000 after buying an additional 2,577,691 shares during the period. Qube Research & Technologies Ltd lifted its stake in Frontier Communications Parent by 52.9% in the second quarter. Qube Research & Technologies Ltd now owns 6,238,099 shares of the company’s stock valued at $227,067,000 after buying an additional 2,157,594 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Frontier Communications Parent by 129.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock valued at $83,792,000 after buying an additional 1,316,597 shares in the last quarter. Finally, LMR Partners LLP increased its position in shares of Frontier Communications Parent by 79.7% during the second quarter. LMR Partners LLP now owns 2,081,181 shares of the company’s stock worth $75,755,000 after acquiring an additional 923,056 shares in the last quarter.

Frontier Communications Parent Price Performance

NASDAQ FYBR opened at $38.49 on Friday. The firm’s 50 day moving average is $38.36 and its 200-day moving average is $37.81. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. Frontier Communications Parent, Inc. has a 12-month low of $35.31 and a 12-month high of $38.50.

Analyst Ratings Changes

FYBR has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Frontier Communications Parent presently has a consensus rating of “Moderate Buy”.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.