Hudson Bay Capital Management LP Has $36.47 Million Stock Holdings in Frontier Communications Parent, Inc. $FYBR

Hudson Bay Capital Management LP trimmed its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,001,900 shares of the company’s stock after selling 29,796 shares during the quarter. Hudson Bay Capital Management LP owned about 0.40% of Frontier Communications Parent worth $36,469,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in Frontier Communications Parent by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 18,610 shares of the company’s stock valued at $667,000 after buying an additional 991 shares during the last quarter. US Bancorp DE increased its stake in shares of Frontier Communications Parent by 5.8% during the first quarter. US Bancorp DE now owns 8,223 shares of the company’s stock worth $295,000 after purchasing an additional 450 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Frontier Communications Parent by 7.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,417 shares of the company’s stock worth $302,000 after purchasing an additional 560 shares during the last quarter. Deutsche Bank AG boosted its stake in Frontier Communications Parent by 7.5% in the 1st quarter. Deutsche Bank AG now owns 13,733 shares of the company’s stock valued at $492,000 after purchasing an additional 963 shares during the period. Finally, Citigroup Inc. increased its position in Frontier Communications Parent by 53.2% during the 1st quarter. Citigroup Inc. now owns 345,066 shares of the company’s stock worth $12,374,000 after buying an additional 119,834 shares during the period.

Frontier Communications Parent Trading Up 0.3%

FYBR opened at $38.03 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. Frontier Communications Parent, Inc. has a twelve month low of $34.60 and a twelve month high of $38.05. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of -25.02 and a beta of 0.94. The company has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $37.12.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) EPS. Analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Thursday. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

About Frontier Communications Parent

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.