Frontier Communications Corporation (FTR) Position Raised by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its position in shares of Frontier Communications Corporation (NASDAQ:FTR) by 259.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,872 shares of the utilities provider’s stock after buying an additional 103,170 shares during the period. Tudor Investment Corp ET AL’s holdings in Frontier Communications Corporation were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Sigma Planning Corp increased its stake in shares of Frontier Communications Corporation by 0.8% in the first quarter. Sigma Planning Corp now owns 48,578 shares of the utilities provider’s stock valued at $104,000 after buying an additional 362 shares during the period. Keybank National Association OH increased its stake in shares of Frontier Communications Corporation by 0.9% in the first quarter. Keybank National Association OH now owns 81,836 shares of the utilities provider’s stock valued at $175,000 after buying an additional 766 shares during the period. Raymond James Trust N.A. increased its stake in shares of Frontier Communications Corporation by 1.9% in the first quarter. Raymond James Trust N.A. now owns 125,270 shares of the utilities provider’s stock valued at $268,000 after buying an additional 2,358 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Frontier Communications Corporation by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 41,509 shares of the utilities provider’s stock valued at $141,000 after buying an additional 2,570 shares during the period. Finally, Cadence Capital Management LLC increased its stake in shares of Frontier Communications Corporation by 6.1% in the first quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock valued at $100,000 after buying an additional 2,661 shares during the period.

Frontier Communications Corporation (FTR) opened at 15.08 on Thursday. Frontier Communications Corporation has a 1-year low of $13.13 and a 1-year high of $74.70. The company has a 50 day moving average of $16.10 and a 200 day moving average of $29.71. The company’s market capitalization is $1.17 billion.

Frontier Communications Corporation (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by $0.03. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.29) earnings per share. On average, analysts predict that Frontier Communications Corporation will post ($3.95) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.60 dividend. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. This represents a $2.40 dividend on an annualized basis and a yield of 15.92%. The ex-dividend date is Thursday, September 14th. Frontier Communications Corporation’s dividend payout ratio is presently -16.65%.

Several analysts have commented on FTR shares. Citigroup Inc. upgraded shares of Frontier Communications Corporation from a “sell” rating to a “neutral” rating and set a $1.75 target price on the stock in a report on Wednesday, May 3rd. Macquarie restated a “hold” rating and set a $2.65 target price on shares of Frontier Communications Corporation in a report on Thursday, April 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $2.00 price target (down from $3.00) on shares of Frontier Communications Corporation in a research note on Wednesday, May 3rd. UBS AG reaffirmed a “buy” rating on shares of Frontier Communications Corporation in a research note on Thursday, May 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $4.00 price target (up from $3.50) on shares of Frontier Communications Corporation in a research note on Friday, April 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.11.

About Frontier Communications Corporation

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).