State Street Corp lifted its position in FairPoint Communications Inc (NASDAQ:FRP) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 413,021 shares of the technology company’s stock after acquiring an additional 21,139 shares during the period. State Street Corp’s holdings in FairPoint Communications were worth $6,466,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of FairPoint Communications by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,421,232 shares of the technology company’s stock worth $40,193,000 after acquiring an additional 108,263 shares in the last quarter. Renaissance Technologies LLC grew its position in FairPoint Communications by 2.8% during the second quarter. Renaissance Technologies LLC now owns 1,334,863 shares of the technology company’s stock valued at $20,891,000 after purchasing an additional 36,437 shares in the last quarter. Wells Fargo & Company MN grew its position in FairPoint Communications by 3.6% during the second quarter. Wells Fargo & Company MN now owns 684,995 shares of the technology company’s stock valued at $10,720,000 after purchasing an additional 23,658 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in FairPoint Communications by 12.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 386,187 shares of the technology company’s stock valued at $6,044,000 after purchasing an additional 41,564 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in FairPoint Communications by 30.0% during the second quarter. Goldman Sachs Group Inc. now owns 344,086 shares of the technology company’s stock valued at $5,385,000 after purchasing an additional 79,328 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.

FairPoint Communications Inc (NASDAQ FRP) opened at $15.95 on Friday. FairPoint Communications Inc has a 1 year low of $13.04 and a 1 year high of $19.60. The company has a debt-to-equity ratio of -12.15, a current ratio of 1.14 and a quick ratio of 1.14.

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FairPoint Communications Company Profile

FairPoint Communications, Inc is a provider of data, voice and communications services to business, wholesale and residential customers within its service territories. The Company offers its customers a suite of services, such as Ethernet, Session Initiation Protocol Trunking (SIP-Trunking), hosted Primary Branch Exchange (hosted PBX), managed services, data center colocation services, high capacity data transport and other Internet protocol (IP)-based services over its fiber-based network.

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Institutional Ownership by Quarter for FairPoint Communications (NASDAQ:FRP)

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