Seatown Holdings Pte. Ltd. buys $19,154,677 stake in Frontier Communications Corp (FTR)

Frontier Communications Corp (FTR) : Seatown Holdings Pte. Ltd. scooped up 1,152,700 additional shares in Frontier Communications Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 3,949,418 shares of Frontier Communications Corp which is valued at $19,154,677.Frontier Communications Corp makes up approximately 5.50% of Seatown Holdings Pte. Ltd.’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in FTR in the latest quarter, The investment management firm added 4,580,840 additional shares and now holds a total of 113,217,359 shares of Frontier Communications Corp which is valued at $549,104,191. Frontier Communications Corp makes up approx 0.03% of Vanguard Group Inc’s portfolio.Diam Ltd. boosted its stake in FTR in the latest quarter, The investment management firm added 31,044 additional shares and now holds a total of 124,162 shares of Frontier Communications Corp which is valued at $598,461. Frontier Communications Corp makes up approx 0.01% of Diam Ltd.’s portfolio.Investors Capital Advisory Services reduced its stake in FTR by selling 25,879 shares or 30.66% in the most recent quarter. The Hedge Fund company now holds 58,524 shares of FTR which is valued at $282,086. Frontier Communications Corp makes up approx 0.05% of Investors Capital Advisory Services’s portfolio.Advisory Services Network boosted its stake in FTR in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 901 shares of Frontier Communications Corp which is valued at $4,586.Rothschild Investment Corp Il boosted its stake in FTR in the latest quarter, The investment management firm added 557 additional shares and now holds a total of 105,902 shares of Frontier Communications Corp which is valued at $547,513. Frontier Communications Corp makes up approx 0.07% of Rothschild Investment Corp Il’s portfolio.

Frontier Communications Corp closed down -0.09 points or -1.88% at $4.69 with 1,69,56,728 shares getting traded on Friday. Post opening the session at $4.8, the shares hit an intraday low of $4.66 and an intraday high of $4.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Frontier Communications Corp reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.04. The company had revenue of $2608.00 million for the quarter, compared to analysts expectations of $2736.64 million. The company’s revenue was up 90.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Investors should note that on Aug 1, 2016, Frontier Communications Corp announced a cash dividend of $0.1050. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Frontier Communications Corp. Frontier Communications Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 18, 2016. Frontier Communications Corp was Initiated by Macquarie to “Underperform” on Jul 11, 2016.

Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services basic local and long distance voice wireline services to residential and business customers in its service areas network access to interexchange carriers for origination and termination of long distance voice and data traffic sales of its own and third party video services and sales of customer premise equipment.

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