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

by · The Markets Daily

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the senior vice president owned 77,312 shares in the company, valued at approximately $463,872. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Frontier Group Trading Down 0.9%

Shares of NASDAQ ULCC traded down $0.05 during trading hours on Friday, reaching $5.74. The stock had a trading volume of 7,265,495 shares, compared to its average volume of 3,923,058. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $4.28 and its two-hundred day moving average price is $4.31. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -9.41 and a beta of 2.55. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26.

Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, meeting the consensus estimate of ($0.34). Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The business had revenue of $886.00 million during the quarter, compared to analyst estimates of $900.07 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Institutional Trading of Frontier Group

A number of hedge funds have recently added to or reduced their stakes in ULCC. U S Global Investors Inc. grew its holdings in Frontier Group by 59.2% during the second quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock worth $22,524,000 after acquiring an additional 2,306,248 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Frontier Group by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after acquiring an additional 209,154 shares during the period. Bank of America Corp DE grew its position in Frontier Group by 39.2% during the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after acquiring an additional 852,798 shares during the period. Citigroup Inc. lifted its holdings in shares of Frontier Group by 14.1% during the 3rd quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after acquiring an additional 348,739 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Frontier Group by 48.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after acquiring an additional 718,147 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on ULCC shares. Susquehanna increased their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. UBS Group reissued a “neutral” rating and set a $6.00 target price (up previously from $4.00) on shares of Frontier Group in a report on Friday. Citigroup started coverage on shares of Frontier Group in a research note on Thursday, December 4th. They issued a “neutral” rating and a $5.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Finally, Seaport Res Ptn raised Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Frontier Group currently has a consensus rating of “Hold” and a consensus price target of $6.25.

View Our Latest Stock Analysis on ULCC

About Frontier Group

(Get Free Report)

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.

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