Insider Selling: Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Sells $35,350.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the sale, the senior vice president now owns 47,590 shares of the company’s stock, valued at $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Frontier Group Trading Down 1.9 %

ULCC opened at $8.16 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.41. The stock has a market cap of $1.84 billion, a PE ratio of -203.95 and a beta of 2.32. The business has a 50 day moving average of $6.44 and a 200-day moving average of $5.18.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts predict that Frontier Group Holdings, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ULCC. SkyView Investment Advisors LLC increased its stake in shares of Frontier Group by 9.7% during the third quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company’s stock valued at $1,910,000 after purchasing an additional 31,559 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Frontier Group in the 3rd quarter worth approximately $145,000. Barclays PLC grew its stake in shares of Frontier Group by 378.6% in the 3rd quarter. Barclays PLC now owns 72,866 shares of the company’s stock worth $389,000 after buying an additional 57,642 shares during the last quarter. Geode Capital Management LLC increased its position in Frontier Group by 38.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock valued at $8,512,000 after buying an additional 441,001 shares in the last quarter. Finally, MCIA Inc raised its stake in Frontier Group by 11.2% during the third quarter. MCIA Inc now owns 163,992 shares of the company’s stock valued at $877,000 after buying an additional 16,577 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ULCC. UBS Group increased their price objective on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and increased their price target for the company from $6.00 to $8.00 in a research report on Wednesday, December 11th. Susquehanna boosted their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Bank of America reduced their price target on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Frontier Group has an average rating of “Hold” and a consensus target price of $6.96.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.