Jade Capital Advisors LLC Boosts Stock Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Jade Capital Advisors LLC boosted its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 624.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,436 shares of the company’s stock after buying an additional 215,000 shares during the quarter. Jade Capital Advisors LLC owned approximately 0.11% of Frontier Group worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of Frontier Group in the first quarter valued at approximately $293,000. Capstone Investment Advisors LLC purchased a new stake in shares of Frontier Group during the first quarter worth $350,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Frontier Group in the first quarter worth $494,000. Russell Investments Group Ltd. grew its position in shares of Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock valued at $8,956,000 after purchasing an additional 109,418 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Frontier Group by 23.3% during the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock valued at $204,000 after purchasing an additional 4,756 shares during the period.

Frontier Group Stock Performance

Shares of ULCC stock opened at $6.91 on Tuesday. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.33. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -23.83 and a beta of 2.55. The stock has a fifty day moving average of $4.52 and a 200 day moving average of $4.98. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $973.00 million during the quarter, compared to analysts’ expectations of $1.03 billion. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. As a group, research analysts expect that Frontier Group Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Bank of America reduced their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. TD Cowen increased their target price on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Evercore ISI boosted their price target on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Frontier Group presently has an average rating of “Hold” and a consensus price target of $5.77.

Insider Transactions at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 81.50% of the company’s stock.

Frontier Group Profile

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.