Hudson Bay Capital Management LP Has $36.47 Million Position in Frontier Communications Parent, Inc. $FYBR

Hudson Bay Capital Management LP trimmed its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 1,001,900 shares of the company’s stock after selling 29,796 shares during the period. Hudson Bay Capital Management LP’s holdings in Frontier Communications Parent were worth $36,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in shares of Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after buying an additional 699 shares during the last quarter. Brooklyn Investment Group increased its position in Frontier Communications Parent by 46.1% during the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after purchasing an additional 359 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Frontier Communications Parent by 178.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock worth $92,000 after purchasing an additional 1,613 shares during the last quarter. Longfellow Investment Management Co. LLC lifted its position in shares of Frontier Communications Parent by 49.7% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock worth $113,000 after purchasing an additional 1,028 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Frontier Communications Parent by 29.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after purchasing an additional 898 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Thursday. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Frontier Communications Parent Price Performance

FYBR opened at $38.03 on Friday. Frontier Communications Parent, Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $38.05. The firm has a 50-day moving average of $37.74 and a 200 day moving average of $37.12. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $9.52 billion, a P/E ratio of -25.02 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned ($0.33) earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.