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Frontier Green Shoots To Consider Approaching Q4 Earnings
Feb. 4, 2019 1:40 AM ET
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2 comments
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About: Frontier Communications Corporation (FTR)
Glen Bradford
Value, growth at reasonable price, long-term horizon, portfolio strategy
Glen Bradford's Website
(3,293 followers)
Summary
Starting in October, the infrastructure fee doubled from $1.99 to $3.99 across 4.2M customers.
Q4 and Q1 are the quarters where Frontier makes the majority of its annual cash flow due to lower CapEx.
There's a lot of low hanging fruit that the new marketing guy from Bain can circle the wagons around and target as part of the rebrand.
Having a larger fiber footprint allows for marketing and delivering services that would have previously not been possible.
The market is not appreciating the quality of their asset base. It is assigning a runoff multiple when it should be growth.
ADDIRITTURA:
I think that the market is wrong and this affords the opportunity of a lifetime for anyone willing to place a speculative bet on the equity.
Vanguard Group Inc. increased its holdings in Frontier Communications Corp (NASDAQ:FTR) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,355,181 shares of the utilities provider’s stock after purchasing an additional 1,985,632 shares during the period. Vanguard Group Inc. owned approximately 10.76% of Frontier Communications worth $73,695,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in Frontier Communications by 32.2% during the third quarter. State of Alaska Department of Revenue now owns 34,641 shares of the utilities provider’s stock worth $224,000 after buying an additional 8,441 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Frontier Communications by 29.8% during the third quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the utilities provider’s stock worth $302,000 after buying an additional 10,700 shares during the last quarter. Northern Trust Corp grew its stake in Frontier Communications by 1.2% during the second quarter. Northern Trust Corp now owns 1,043,454 shares of the utilities provider’s stock worth $5,593,000 after buying an additional 12,474 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Frontier Communications by 28.7% during the third quarter. Texas Permanent School Fund now owns 66,576 shares of the utilities provider’s stock valued at $432,000 after purchasing an additional 14,854 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Frontier Communications during the third quarter valued at approximately $103,000. 71.77% of the stock is currently owned by hedge funds and other institutional investors.
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