Algert Global LLC Cuts Stock Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Algert Global LLC trimmed its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,982 shares of the company’s stock after selling 295,526 shares during the period. Algert Global LLC’s holdings in Frontier Group were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Frontier Group during the fourth quarter worth about $32,000. KLP Kapitalforvaltning AS purchased a new position in Frontier Group in the 4th quarter worth approximately $50,000. Nisa Investment Advisors LLC grew its position in Frontier Group by 1,230.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after acquiring an additional 7,380 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Frontier Group during the fourth quarter valued at approximately $96,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Frontier Group during the fourth quarter worth $96,000.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the firm’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 directly owns 175,886 shares in the company, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the sale, the senior vice president now directly owns 23,912 shares in the company, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their position. The disclosure for this sale can be found here. 48.00% of the stock is currently owned by insiders.

Frontier Group Stock Performance

Shares of ULCC opened at $3.88 on Friday. The stock has a market capitalization of $883.73 million, a PE ratio of 10.78 and a beta of 2.55. The business’s fifty day moving average price is $4.32 and its 200 day moving average price is $6.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $10.26.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.03. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The company had revenue of $912.00 million for the quarter, compared to the consensus estimate of $996.05 million. During the same period last year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ULCC. UBS Group dropped their price target on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Bank of America cut their price target on Frontier Group from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Susquehanna lowered their price objective on Frontier Group from $9.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Evercore ISI dropped their price objective on Frontier Group from $7.00 to $5.00 and set an “in-line” rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley increased their target price on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.11.

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.