State of Michigan Retirement System lifted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR – Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,300 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in Frontier Communications Parent were worth $1,330,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp lifted its position in Frontier Communications Parent by 62.8% in the 4th quarter. Mackenzie Financial Corp now owns 583,940 shares of the company’s stock worth $14,797,000 after buying an additional 225,293 shares in the last quarter. Vanguard Group Inc. lifted its position in Frontier Communications Parent by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock worth $372,906,000 after buying an additional 118,939 shares in the last quarter. Tudor Investment Corp Et Al lifted its position in Frontier Communications Parent by 63.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 363,204 shares of the company’s stock worth $5,684,000 after buying an additional 140,943 shares in the last quarter. American Century Companies Inc. lifted its position in Frontier Communications Parent by 83.9% in the 3rd quarter. American Century Companies Inc. now owns 1,545,063 shares of the company’s stock worth $24,180,000 after buying an additional 704,857 shares in the last quarter. Finally, Norges Bank purchased a new stake in Frontier Communications Parent in the 4th quarter worth approximately $50,269,000.
Frontier Communications Parent Stock Performance
NASDAQ:FYBR opened at $25.79 on Friday. Frontier Communications Parent, Inc. has a 1 year low of $11.65 and a 1 year high of $27.41. The firm’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $24.36. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $6.41 billion, a PE ratio of 234.45 and a beta of 1.08.
Wall Street Analysts Forecast Growth
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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.
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