Columbia Partners Investment Management Cut Frontier Communications (FTR) Position By $1.01 Million; Park Presidio Capital Has Lowered Liberty Interactive (QVCA) Stake

June 20, 2017 - By Henry Gaston

Columbia Partners Llc Investment Management decreased Frontier Communications Corp (FTR) stake by 54.22% reported in 2016Q4 SEC filing. Columbia Partners Llc Investment Management sold 337,028 shares as Frontier Communications Corp (FTR)’s stock declined 55.62%. The Columbia Partners Llc Investment Management holds 284,617 shares with $962,000 value, down from 621,645 last quarter. Frontier Communications Corp now has $1.40B valuation. The stock declined 5.30% or $0.07 reaching $1.25 per share. About 13.92M shares traded. Frontier Communications Corp (NASDAQ:FTR) has declined 70.56% since June 20, 2016 and is downtrending. It has underperformed by 87.26% the S&P500.

Park Presidio Capital Llc decreased Liberty Interactive Corp (QVCA) stake by 14.8% reported in 2016Q4 SEC filing. Park Presidio Capital Llc sold 251,601 shares as Liberty Interactive Corp (QVCA)’s stock rose 23.01%. The Park Presidio Capital Llc holds 1.45M shares with $28.94 million value, down from 1.70 million last quarter. Liberty Interactive Corp now has $15.07B valuation. The stock declined 2.33% or $0.57 reaching $23.86 per share. About 450,100 shares traded. Liberty Interactive QVC Group (NASDAQ:QVCA) has declined 6.46% since June 20, 2016 and is downtrending. It has underperformed by 23.16% the S&P500.

Since May 8, 2017, it had 5 buys, and 0 sales for $118,541 activity. 13,000 shares were bought by Arndt Kenneth, worth $17,875 on Thursday, May 25. $13,000 worth of Frontier Communications Corp (NASDAQ:FTR) was bought by Gable Steve. On Tuesday, May 16 Weslock Kathleen bought $65,750 worth of Frontier Communications Corp (NASDAQ:FTR) or 50,000 shares. Lass John had bought 8,000 shares worth $10,760 on Tuesday, May 16.

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.27, from 1.24 in 2016Q3. It is negative, as 70 investors sold FTR shares while 168 reduced holdings. 66 funds opened positions while 164 raised stakes. 774.61 million shares or 1.90% more from 760.15 million shares in 2016Q3 were reported. Rmb Cap Mngmt Ltd Co has 12,304 shares. S Muoio Communications Ltd holds 0.53% or 299,192 shares. Parallax Volatility Advisers Limited Partnership reported 36,574 shares. Howe & Rusling holds 136 shares or 0% of its portfolio. Nordea Inv Management holds 0% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 27,227 shares. Ckw Group holds 0% in Frontier Communications Corp (NASDAQ:FTR) or 2,005 shares. Pinnacle Ltd stated it has 727,404 shares. State Street Corp has 0.02% invested in Frontier Communications Corp (NASDAQ:FTR) for 50.73M shares. Ftb Advsrs accumulated 1,887 shares. Kennedy Capital Mgmt holds 960,646 shares or 0.06% of its portfolio. Plante Moran holds 7,405 shares. Eaton Vance Management accumulated 86,858 shares. Salem Invest Counselors Incorporated stated it has 576 shares. Evercore Wealth Management Ltd Liability Co holds 0% in Frontier Communications Corp (NASDAQ:FTR) or 1,680 shares. Paloma Prtnrs Mngmt Communication has invested 0% of its portfolio in Frontier Communications Corp (NASDAQ:FTR).

Columbia Partners Llc Investment Management increased Axogen Inc (NASDAQ:AXGN) stake by 250,403 shares to 360,924 valued at $3.25M in 2016Q4. It also upped Cognizant Tech Solutions Crp (NASDAQ:CTSH) stake by 21,342 shares and now owns 52,994 shares. Autobytel Inc (NASDAQ:ABTL) was raised too.

Analysts await Frontier Communications Corp (NASDAQ:FTR) to report earnings on August, 7. They expect $-0.05 EPS, down 150.00% or $0.03 from last year’s $-0.02 per share. After $-0.08 actual EPS reported by Frontier Communications Corp for the previous quarter, Wall Street now forecasts -37.50% EPS growth.

Among 13 analysts covering Frontier Communications (NASDAQ:FTR), 3 have Buy rating, 2 Sell and 8 Hold. Therefore 23% are positive. Frontier Communications had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan on Tuesday, February 28 to “Neutral”. The firm has “Overweight” rating given on Tuesday, August 4 by JP Morgan. The stock of Frontier Communications Corp (NASDAQ:FTR) has “Sell” rating given on Wednesday, March 9 by Citigroup. On Wednesday, August 19 the stock rating was initiated by Stephens with “Overweight”. The firm has “Hold” rating given on Monday, October 12 by Sandler O’Neill. Macquarie Research initiated Frontier Communications Corp (NASDAQ:FTR) on Monday, July 11 with “Underperform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, September 22. The company was upgraded on Tuesday, September 6 by Macquarie Research. Bernstein maintained Frontier Communications Corp (NASDAQ:FTR) rating on Tuesday, September 15. Bernstein has “Outperform” rating and $6.25 target. Wells Fargo downgraded Frontier Communications Corp (NASDAQ:FTR) on Wednesday, November 2 to “Market Perform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: