Why You Should Invest In These Cheap Public Utilities Stocks

1. Frontier Communications Corp (NASDAQ:FTR)

Investors with Long Positions (as of June 30): 41

Aggregate Value of Investors’ Holdings (as of June 30): $604.55 Million

41 hedge funds owned Frontier Communications Corp (NASDAQ:FTR) at the end of the second quarter, up by 19 quarter-over-quarter. Similarly, the value of hedge funds’ holdings in the stock grew by $332.24 million during the three-month period, more than doubling. The telecommunications company has been aggressively seeking ways to expand its business by purchasing assets from AT&T Inc. (NYSE:T) and Verizon Communications Inc.(NYSE:VZ) in recent years. The company’s landline business has been on a steady downtrend over the past few years, so Frontier Communications was forced to change its strategic focus. Meanwhile, the company’s stock performance has been very weak in 2015, as its shares have lost over 20% since the beginning of the year. Seth Klarman’s Baupost Group acquired a new stake of 13.5 million shares in Frontier Communications Corp (NASDAQ:FTR) during the recent quarter.

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