5 Stocks to Invest In According to Adam Peterson’s Magnolia Capital Fund

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

Peterson’s Stake Value: $95,855,000
Percentage of Adam Peterson’s 13F Portfolio: 11.91%
Number of Hedge Fund Holders: 43

On September 23, Raymond James analyst Frank Louthan initiated coverage of Frontier Communications Parent, Inc. (NASDAQ:FYBR) with an “Outperform” rating and gave his price target of $34. On August 5, Frontier Communications Parent, Inc. (NASDAQ:FYBR) posted earnings results for the second quarter of 2021. The earnings per share was $24.30, beating market predictions by $23.92.

Magnolia Capital Fund added Frontier Communications Parent, Inc. (NASDAQ:FYBR) to its portfolio in the second quarter of 2021 by buying 3.63 million shares. In addition, hedge funds are loading up on Frontier Communications Parent, Inc. (NASDAQ:FYBR), as Insider Monkey’s data shows that 43 hedge funds held stakes in the company in the second quarter of 2021.