Frontier Communications Parent, Inc. $FYBR Shares Bought by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. boosted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 159.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,937 shares of the company’s stock after buying an additional 286,814 shares during the quarter. Frontier Communications Parent accounts for about 0.1% of Eisler Capital Management Ltd.’s holdings, making the stock its 27th biggest holding. Eisler Capital Management Ltd.’s holdings in Frontier Communications Parent were worth $17,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pentwater Capital Management LP acquired a new position in shares of Frontier Communications Parent in the 1st quarter worth approximately $161,370,000. Millennium Management LLC raised its position in 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 purchasing an additional 1,615,356 shares during the period. Goldman Sachs Group Inc. lifted its stake in Frontier Communications Parent by 129.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock worth $83,792,000 after purchasing an additional 1,316,597 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Frontier Communications Parent by 39.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 4,378,238 shares of the company’s stock worth $157,004,000 after purchasing an additional 1,228,524 shares in the last quarter. Finally, TIG Advisors LLC purchased a new position in shares of Frontier Communications Parent during the first quarter worth $26,130,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Frontier Communications Parent in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Frontier Communications Parent Stock Up 0.3%

Shares of NASDAQ FYBR opened at $37.91 on Friday. The stock has a market cap of $9.49 billion, a P/E ratio of -24.94 and a beta of 0.94. The business’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $36.99. Frontier Communications Parent, Inc. has a 12-month low of $34.39 and a 12-month high of $37.97. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.56.

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 the consensus estimate of ($0.40) by $0.10. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Frontier Communications Parent had a negative return on equity of 7.91% and a negative net margin of 6.24%.Frontier Communications Parent’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.33) EPS. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Frontier Communications Parent Company 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.