Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,960 shares of the company’s stock after selling 10,010 shares during the period. Mutual Advisors LLC’s holdings in Frontier Group were worth $589,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Frontier Group by 20.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company’s stock valued at $18,494,000 after purchasing an additional 636,921 shares in the last quarter. American Century Companies Inc. grew its holdings in Frontier Group by 201.3% during the 3rd quarter. American Century Companies Inc. now owns 30,854 shares of the company’s stock worth $149,000 after acquiring an additional 20,613 shares in the last quarter. KB Financial Partners LLC grew its holdings in Frontier Group by 2.5% during the 3rd quarter. KB Financial Partners LLC now owns 162,626 shares of the company’s stock worth $787,000 after acquiring an additional 3,891 shares in the last quarter. Royal Bank of Canada grew its holdings in Frontier Group by 110.2% during the 3rd quarter. Royal Bank of Canada now owns 120,061 shares of the company’s stock worth $581,000 after acquiring an additional 62,931 shares in the last quarter. Finally, First Dallas Securities Inc. grew its holdings in Frontier Group by 985.8% during the 3rd quarter. First Dallas Securities Inc. now owns 952,746 shares of the company’s stock worth $4,611,000 after acquiring an additional 864,996 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James decreased their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. UBS Group assumed coverage on shares of Frontier Group in a report on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price objective for the company. Bank of America reissued a “neutral” rating and set a $6.00 price objective (down from $8.00) on shares of Frontier Group in a report on Tuesday, January 9th. TD Cowen raised their price objective on shares of Frontier Group from $5.00 to $12.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Finally, Susquehanna raised their price objective on shares of Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.65.

Insider Activity at Frontier Group

In related news, CEO Barry Biffle sold 14,500 shares of Frontier Group stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7.21, for a total value of $104,545.00. Following the sale, the chief executive officer now directly owns 63,949 shares in the company, valued at approximately $461,072.29. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 83.20% of the stock is currently owned by insiders.

Frontier Group Trading Up 4.2 %

Shares of NASDAQ:ULCC opened at $7.96 on Thursday. The company has a market cap of $1.78 billion, a PE ratio of -132.67 and a beta of 2.54. The company’s 50-day moving average price is $6.81 and its 200 day moving average price is $5.37. Frontier Group Holdings, Inc. has a fifty-two week low of $3.19 and a fifty-two week high of $10.57. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Frontier Group 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.