Insider Selling: Frontier Group (NASDAQ:ULCC) CEO Sells 17,373 Shares of Stock

by · The Markets Daily

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) CEO Barry Biffle sold 17,373 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $6.01, for a total transaction of $104,411.73. Following the completion of the sale, the chief executive officer owned 714,463 shares of the company’s stock, valued at $4,293,922.63. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Barry Biffle also recently made the following trade(s):

  • On Thursday, December 11th, Barry Biffle sold 82,627 shares of Frontier Group stock. The stock was sold at an average price of $5.78, for a total transaction of $477,584.06.
  • On Monday, December 8th, Barry Biffle sold 100,000 shares of Frontier Group stock. The shares were sold at an average price of $5.54, for a total transaction of $554,000.00.
  • On Friday, December 5th, Barry Biffle sold 44,813 shares of Frontier Group stock. The stock was sold at an average price of $5.05, for a total value of $226,305.65.
  • On Thursday, December 4th, Barry Biffle sold 55,187 shares of Frontier Group stock. The stock was sold at an average price of $5.04, for a total value of $278,142.48.

Frontier Group Price Performance

NASDAQ ULCC traded down $0.05 during mid-day trading on Friday, hitting $5.74. The stock had a trading volume of 7,265,495 shares, compared to its average volume of 3,922,261. The company has a 50 day simple moving average of $4.28 and a 200 day simple moving average of $4.31. The company 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. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The company had revenue of $886.00 million for the quarter, compared to the consensus estimate of $900.07 million. During the same period in the previous year, the business earned ($0.05) earnings per share. Frontier Group’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. Equities analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, September 2nd. Morgan Stanley cut their price objective on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. Citigroup assumed coverage on Frontier Group in a report on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price on the stock. Finally, UBS Group reaffirmed a “neutral” rating and set a $6.00 price objective (up previously from $4.00) on shares of Frontier Group in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.25.

Get Our Latest Analysis on ULCC

Institutional Investors Weigh In On Frontier Group

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Frontier Group by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after acquiring an additional 251,509 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Frontier Group during the first quarter worth $219,000. American Century Companies Inc. boosted its stake in shares of Frontier Group by 1,353.6% in the first quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock valued at $3,363,000 after purchasing an additional 721,674 shares during the period. Invesco Ltd. boosted its stake in shares of Frontier Group by 15.8% in the first quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock valued at $350,000 after purchasing an additional 11,009 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Frontier Group by 24.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock valued at $7,481,000 after purchasing an additional 410,392 shares in the last quarter.

Frontier Group Company Profile

(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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