Frontier Communications Corpora shares had a trading volume of 266K in the last trading session. Trading volume was up 272.90% over the stocks average daily volume.
Investors are a little more bullish on shares of the company recently if you pay attention to the downtick in short interest. The firm experienced a fall in short interest of -18.64% as of the latest report on August 15, 2017. Short shares fell from 63,565 to 51,715 over that timeframe. With short interest at 51,715 and short average daily volume at 415,241, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of August 15.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Davidson Kempner Capital Management Lp had disposed of a total of 100,000 shares trimming its position 12.5%. The value of the investment in FTRPR went from $39,350,000 to $20,213,000 a change of $19,137,000 quarter over quarter. As of quarter end Ubs Group Ag had sold 132 shares trimming its stake by 4.8%. The value of the investment in (FTRPR) decreased from $136,000 to $77,000 a change of 43.4% quarter to quarter.
Hutchin Hill Capital, Lp grew its stake by buying 277,126 shares an increase of 39.0%. Hutchin Hill Capital, Lp currently owns 988,101 shares with a value of $28,812,000. The value of the position overall is down by 17.7%. As of quarter end Apollo Management Holdings, L.p. had disposed of a total of 21,250 shares trimming its holdings by 22.1%. The value of the investment in Frontier Communications Corpora went from $4,741,000 to $2,208,000 decreasing 53.4% for the reporting period.
The company is so far trading down by 0.34% percent from yesterday’s close. The company also recently announced a dividend that will be paid on Fri Sep 29, 2017. The dividend will be $2.780 per share for the quarter or $11.12 annualized. This dividend amount will represent a yeild of $45.97. The ex-dividend date is Tuesday the 13th of June 2017.
Shares of the company are trading at $23.80 which is just under $24.00, the stock’s 50 day moving average and well below the 200 day moving average of $35.93. The 50 day moving average was down $-0.20 and the 200 day average went down $-12.13 or -33.76%.
Frontier Communications Corporation (Frontier), launched on November 12, 1935, 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). The Company offers a range of broadband services. The principal residential service it provides is broadband Internet service. Its commercial services include Ethernet, Dedicated Internet, Multiprotocol Label Switching (MPLS), Time Division Multiplexing (TDM) data transport services and optical transport services. It also offers wireless broadband services (using unlicensed spectrum) in various markets utilizing networks that it owns or operates. In addition, the Company offers its Frontier Secure suite of products, including computer security, cloud backup and sharing, identity protection and equipment insurance..