Insider Selling: Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Sells 5,000 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Frontier Group Stock Up 12.4 %

Frontier Group stock traded up $0.88 during mid-day trading on Monday, hitting $7.99. The company’s stock had a trading volume of 4,864,212 shares, compared to its average volume of 3,616,970. Frontier Group Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $8.41. The company has a market cap of $1.80 billion, a PE ratio of -199.70 and a beta of 2.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The firm’s 50 day moving average is $6.35 and its 200 day moving average is $5.12.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. During the same period last year, the business earned ($0.14) earnings per share. Frontier Group’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Frontier Group Holdings, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ULCC. TD Cowen lifted their target price on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Susquehanna raised their target price on shares of Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays upped their price target on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Citigroup raised their price objective on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Frontier Group has an average rating of “Hold” and a consensus price target of $6.46.

Hedge Funds Weigh In On Frontier Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in Frontier Group in the third quarter valued at about $54,000. Ballentine Partners LLC bought a new stake in shares of Frontier Group in the 3rd quarter valued at approximately $55,000. Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group in the second quarter worth approximately $58,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Frontier Group by 251.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after acquiring an additional 8,507 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after acquiring an additional 3,744 shares during the last quarter.

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.