FairPoint Communications Inc (NASDAQ:FRP) Shares Bought by State Street Corp

State Street Corp grew its stake in FairPoint Communications Inc (NASDAQ:FRP) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 413,021 shares of the technology company’s stock after buying an additional 21,139 shares during the quarter. State Street Corp’s holdings in FairPoint Communications were worth $6,466,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in FairPoint Communications by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 82,435 shares of the technology company’s stock worth $1,291,000 after buying an additional 513 shares during the period. Private Management Group Inc. increased its holdings in shares of FairPoint Communications by 1.7% in the second quarter. Private Management Group Inc. now owns 84,593 shares of the technology company’s stock valued at $1,324,000 after purchasing an additional 1,423 shares during the period. Voya Investment Management LLC increased its holdings in shares of FairPoint Communications by 14.7% in the second quarter. Voya Investment Management LLC now owns 14,196 shares of the technology company’s stock valued at $222,000 after purchasing an additional 1,817 shares during the period. Rhumbline Advisers increased its holdings in shares of FairPoint Communications by 9.3% in the second quarter. Rhumbline Advisers now owns 26,110 shares of the technology company’s stock valued at $409,000 after purchasing an additional 2,230 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in shares of FairPoint Communications by 11.6% in the second quarter. Engineers Gate Manager LP now owns 21,515 shares of the technology company’s stock valued at $337,000 after purchasing an additional 2,242 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.

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

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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.

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

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