Greenland Capital Management LP Purchases 24,326 Shares of Frontier Communications Parent, Inc. $FYBR

Greenland Capital Management LP increased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 49.1% during the second quarter, HoldingsChannel reports. The fund owned 73,851 shares of the company’s stock after buying an additional 24,326 shares during the quarter. Greenland Capital Management LP’s holdings in Frontier Communications Parent were worth $2,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of Frontier Communications Parent by 957.5% during the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares in the last quarter. Brooklyn Investment Group raised its holdings in Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after buying an additional 359 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Frontier Communications Parent in the 1st quarter valued at approximately $74,000. GAMMA Investing LLC boosted its position in Frontier Communications Parent by 29.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock worth $143,000 after buying an additional 898 shares during the period. Finally, CWM LLC boosted its position in Frontier Communications Parent by 101.9% during the 1st quarter. CWM LLC now owns 5,402 shares of the company’s stock worth $194,000 after buying an additional 2,727 shares during the period.

Frontier Communications Parent Stock Up 0.2%

Shares of NASDAQ:FYBR opened at $37.90 on Wednesday. The business’s 50-day moving average is $37.54 and its 200-day moving average is $36.96. Frontier Communications Parent, Inc. has a 1 year low of $34.39 and a 1 year high of $37.97. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of -24.93 and a beta of 0.94. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Communications Parent in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Reduce”.

Frontier Communications Parent 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.