Olympiad Research LP Has $2.51 Million Position in Frontier Communications Parent, Inc. $FYBR

Olympiad Research LP grew its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 23.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,004 shares of the company’s stock after buying an additional 13,122 shares during the period. Frontier Communications Parent makes up 4.1% of Olympiad Research LP’s portfolio, making the stock its 3rd largest holding. Olympiad Research LP’s holdings in Frontier Communications Parent were worth $2,512,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Savant Capital LLC grew its position in Frontier Communications Parent by 2.2% in the second quarter. Savant Capital LLC now owns 14,267 shares of the company’s stock worth $519,000 after acquiring an additional 308 shares in the last quarter. QRG Capital Management Inc. raised its position in Frontier Communications Parent by 5.0% during the second quarter. QRG Capital Management Inc. now owns 6,635 shares of the company’s stock valued at $242,000 after purchasing an additional 317 shares during the period. Xponance Inc. lifted its stake in shares of Frontier Communications Parent by 1.3% in the 1st quarter. Xponance Inc. now owns 26,712 shares of the company’s stock valued at $958,000 after purchasing an additional 333 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Frontier Communications Parent by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,758 shares of the company’s stock worth $319,000 after purchasing an additional 341 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock worth $41,000 after purchasing an additional 359 shares during the period.

Frontier Communications Parent Trading Down 0.3%

Shares of NASDAQ FYBR opened at $37.84 on Friday. Frontier Communications Parent, Inc. has a fifty-two week low of $34.39 and a fifty-two week high of $37.97. 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 company has a market cap of $9.47 billion, a price-to-earnings ratio of -24.89 and a beta of 0.94. The business’s 50 day moving average price is $37.50 and its 200-day moving average price is $36.92.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.30) EPS for the quarter, beating 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted ($0.33) EPS. Frontier Communications Parent’s quarterly revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Communications Parent in a report on Wednesday, October 8th. Two equities research 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.com, the company presently has an average 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.