Stephens Inc. AR lessened its position in Frontier Communications Corporation (NASDAQ:FTR) by 44.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,414 shares of the utilities provider’s stock after selling 117,286 shares during the period. Stephens Inc. AR owned approximately 0.19% of Frontier Communications Corporation worth $169,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Frontier Communications Corporation by 1.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,389,292 shares of the utilities provider’s stock worth $5,113,000 after acquiring an additional 25,389 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of Frontier Communications Corporation by 259.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 142,872 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 103,170 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Frontier Communications Corporation by 588.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 913,056 shares of the utilities provider’s stock worth $1,954,000 after acquiring an additional 780,345 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Frontier Communications Corporation in the 1st quarter worth about $1,253,000. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Frontier Communications Corporation by 56.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 73,352 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 26,431 shares during the period.

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A number of analysts recently weighed in on FTR shares. Morgan Stanley dropped their price objective on shares of Frontier Communications Corporation from $2.30 to $1.50 and set an “equal weight” rating on the stock in a report on Wednesday, June 14th. BidaskClub raised shares of Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Wednesday, July 5th. ValuEngine upgraded shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Cowen and Company reiterated a “market perform” rating on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Frontier Communications Corporation currently has an average rating of “Hold” and an average price target of $7.02.

Shares of Frontier Communications Corporation (NASDAQ FTR) opened at 11.81 on Monday. The firm’s 50-day moving average is $13.90 and its 200-day moving average is $21.25. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $66.00. The stock’s market capitalization is $927.27 million.

Frontier Communications Corporation (NASDAQ:FTR) last posted its earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by ($0.03). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. Frontier Communications Corporation’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. On average, analysts predict that Frontier Communications Corporation will post ($4.13) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.60 per share. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. This represents a $2.40 annualized dividend and a dividend yield of 20.32%. The ex-dividend date is Thursday, September 14th. Frontier Communications Corporation’s payout ratio is presently -16.65%.

Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

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