Retirement Systems of Alabama Discloses New Position in Frontier Communications Parent, Inc.
According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in Frontier Communications Parent, Inc. (NASDAQ: FYBR) stock. Here’s what you need to know about Frontier Communications Parent, Inc., as well as Retirement Systems of Alabama’s position in shares of FYBR stock:
Retirement Systems of Alabama
The Retirement Systems of Alabama inlcudes the Teachers Retirement System, Employees Retirement System, Judicial Retirement Fund, and other pension and benefit funds in Alabama, with over $21 billion in managed 13F securities. The Retirement Systems of Alabama serves the interests of its members by preserving the excellent benefits and soundness of the systems at the least expense to the state of Alabama and all Alabama taxpayers. You can learn more about Retirement Systems of Alabama on their website here.
Retirement Systems of Alabama’s New Position in FYBR Stock
According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in Frontier Communications Parent, Inc. (NASDAQ: FYBR), with 321,770 shares, which represents approximately 0.1313% of the 245,003,983 total FYBR shares outstanding. Based on FYBR’s last closing price of $25.67 per share, Retirement Systems of Alabama’s stake in FYBR is worth approximately $8,259,835.90, assuming no change in the position size. If you’re not very familiar with Frontier Communications Parent, Inc., learn more below.
Frontier Communications Parent, Inc. (NASDAQ: FYBR)
Frontier Communications Parent, Inc., together with its subsidiaries, provides communications services for consumer and business customers in 25 states in the United States. It offers data and Internet, voice, video, and other services. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc. in April 2021. Frontier Communications Parent, Inc. was incorporated in 1935 and is based in Norwalk, Connecticut.
Summary
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Retirement Systems of Alabama. Also be sure to check out more recent 13F filing analysis news here.
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