KBC Group NV Has $196,000 Holdings in Frontier Communications Parent, Inc. $FYBR

KBC Group NV decreased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 37.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,375 shares of the company’s stock after selling 3,188 shares during the period. KBC Group NV’s holdings in Frontier Communications Parent were worth $196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Frontier Communications Parent by 0.3% in the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock valued at $873,364,000 after purchasing an additional 77,795 shares during the last quarter. Pentwater Capital Management LP acquired a new position in shares of Frontier Communications Parent in the first quarter valued at approximately $161,370,000. Millennium Management LLC increased its stake in shares of Frontier Communications Parent by 56.2% in the first quarter. Millennium Management LLC now owns 4,487,109 shares of the company’s stock valued at $160,908,000 after buying an additional 1,615,356 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Frontier Communications Parent by 39.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,378,238 shares of the company’s stock valued at $157,004,000 after buying an additional 1,228,524 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Frontier Communications Parent by 129.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock worth $83,792,000 after buying an additional 1,316,597 shares during the period.

Frontier Communications Parent Price Performance

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

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned ($0.33) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts anticipate 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 research report 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’s stock. According to MarketBeat, Frontier Communications Parent presently has an average 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.