Insider Selling: Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Sells 87,830 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Howard Diamond sold 87,830 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Frontier Group Stock Down 3.1 %

Frontier Group stock traded down $0.25 during midday trading on Monday, reaching $7.69. The stock had a trading volume of 2,647,436 shares, compared to its average volume of 2,962,691. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. The company has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $6.18. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.75 billion, a P/E ratio of 21.36 and a beta of 2.35.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.23 EPS for the quarter, beating 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%. As a group, equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Frontier Group

Several hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Frontier Group by 8.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock worth $536,000 after buying an additional 5,834 shares in the last quarter. Voloridge Investment Management LLC lifted 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 buying an additional 1,520,094 shares during the period. Squarepoint Ops LLC raised its holdings in Frontier Group by 1,494.8% in the 4th quarter. Squarepoint Ops LLC now owns 384,403 shares of the company’s stock worth $2,733,000 after purchasing an additional 360,299 shares in the last quarter. Towle & Co. lifted its position in Frontier Group by 6.1% during the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock valued at $16,701,000 after buying an additional 134,723 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Frontier Group by 310.2% in the fourth quarter. Two Sigma Advisers LP now owns 274,400 shares of the company’s stock worth $1,951,000 after purchasing an additional 207,500 shares during the period.

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.