Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

The Commonwealth of Pennsylvania Public School Emplrs Retrmt SYS is a public retirement system that manages the pension funds for public school employees in the state of Pennsylvania. In its most recent 13F filing with the Securities & Exchange Commission, the retirement system disclosed that it had sold 63,137 shares of Frontier Communications Parent, Inc.'s NASDAQFYBR stock during the third quarter of the year. This represents a decrease in the retirement system's stake in the company by 58.5%.

After selling these shares, the Commonwealth of Pennsylvania Public School Emplrs Retrmt SYS now owns 44,790 shares of Frontier Communications Parent, Inc.'s stock. It is important to note that this information is based on the retirement system's most recent filing with the Securities & Exchange Commission and may be subject to change in the future.

It is also worth noting that the Commonwealth of Pennsylvania Public School Emplrs Retrmt SYS is not the only institutional investor to have sold shares of Frontier Communications Parent, Inc.'s stock in recent months. In fact, several other large investors have also reduced their holdings in the company, citing concerns about its financial performance and growth prospects.

Overall, the Commonwealth of Pennsylvania Public School Emplrs Retrmt SYS' decision to sell shares of Frontier Communications Parent, Inc.'s stock reflects a broader trend among institutional investors to be more cautious in their investments and to reduce their exposure to companies that are facing significant challenges or uncertainties.