Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Sells $770,269.10 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Howard Diamond sold 87,830 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the completion of the sale, the executive vice president now owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. The trade was a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Frontier Group Stock Down 2.5 %

ULCC opened at $7.50 on Wednesday. Frontier Group Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $10.26. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $8.07 and a 200-day moving average price of $6.24. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 20.83 and a beta of 2.34.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ULCC shares. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Susquehanna boosted their price target on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group upped their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price target on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC raised its holdings in Frontier Group by 835.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock worth $12,101,000 after purchasing an additional 1,520,094 shares during the period. Highland Peak Capital LLC bought a new stake in Frontier Group during the fourth quarter valued at about $6,492,000. Two Sigma Investments LP increased its position in Frontier Group by 488.9% in the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company’s stock worth $6,971,000 after buying an additional 813,929 shares in the last quarter. Empyrean Capital Partners LP bought a new position in shares of Frontier Group in the fourth quarter worth about $4,977,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Frontier Group by 247.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company’s stock valued at $6,585,000 after buying an additional 659,811 shares in the last quarter.

Frontier Group Company 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.