OneDigital Investment Advisors LLC Increases Stock Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

OneDigital Investment Advisors LLC increased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 4.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,838 shares of the company’s stock after purchasing an additional 14,459 shares during the period. OneDigital Investment Advisors LLC’s holdings in Frontier Group were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of Frontier Group in the second quarter worth $45,000. nVerses Capital LLC lifted its holdings in Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after purchasing an additional 6,100 shares in the last quarter. Victory Capital Management Inc. bought a new position in Frontier Group in the 3rd quarter worth about $54,000. Ballentine Partners LLC purchased a new position in Frontier Group during the 3rd quarter valued at about $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Frontier Group during the second quarter valued at about $58,000.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now owns 34,035 shares in the company, valued at approximately $204,210. The trade was a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 81.50% of the company’s stock.

Frontier Group Stock Up 1.0 %

Shares of ULCC opened at $6.80 on Monday. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. 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 stock has a 50 day simple moving average of $5.67 and a two-hundred day simple moving average of $4.96. The firm has a market cap of $1.53 billion, a P/E ratio of -169.96 and a beta of 2.51.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data 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 the consensus estimate of $943.30 million. During the same period last year, the business earned ($0.14) earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Susquehanna boosted their price target on shares of Frontier Group from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. TD Cowen increased their price objective on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Finally, Barclays raised their price target on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday. One research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.52.

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.