5 Best Strong Buy Stocks To Invest In

4. Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Number of Q3 2023 Hedge Fund Shareholders: 40

Frontier Communications Parent, Inc. (NASDAQ:FYBR) is a telecommunications company that is one of the oldest of its kind since it was set up in Dallas, Texas. Perhaps there’s some trouble brewing at the firm that has escaped the public’s attention, as a shareholder released a letter in February 2024 outlining that it has full faith in Frontier Communications Parent, Inc. (NASDAQ:FYBR)’s management’s ability to unlock future value and deliver growth.

During 2023’s September quarter, 40 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the company. Frontier Communications Parent, Inc. (NASDAQ:FYBR)’s largest stakeholder among these is Matthew Barrett’s Glendon Capital Management due to its $378 million investment.

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