Rhumbline Advisers Acquires 6,328 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

February 21, 2025 01:28 AM PST | By Team Kalkine Media

Rhumbline Advisers Acquires 6,328 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Broader Investor Engagement and Stakes

Several other prominent institutional investors have been active in modifying their stakes in the company. Charles Schwab Investment Management Inc. raised its holding by 5% in the previous third quarter, translating to 2,310,952 shares valued at around $82.11 million. Anchorage Capital Advisors L.P. also augmented its position significantly by 26.6% during the same period. Additionally, UBS Asset Management's distinct business unit slightly increased its shareholding by 1.2% in the third quarter.

Current Market Performance and Statistics

As of recent trading sessions, FYBR shares opened at $35.78, experiencing a modest uptick of 0.2%. Frontier Communications Parent's stock performance over the year has oscillated between a low of $20.51 and a high of $39.21. Despite an aggressive push for growth, the company grapples with a negative return on equity at 3.61% and a negative net margin of 3.19%.

Financial Results and Analyst Perspectives

In its most recent earnings report, Frontier Communications posted a quarterly earnings per share of ($0.47), which fell short of analyst estimates. The stock has experienced mixed reviews from analysts, capturing one sell rating, nine hold ratings, and two buy ratings, as evidenced by MarketBeat.com's consensus data.

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