Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc Sells 15,152 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc sold 15,152 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value 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 $158,536.56. This trade represents a 38.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Frontier Group Stock Down 4.0 %

Shares of NASDAQ:ULCC opened at $5.79 on Wednesday. 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 business has a fifty day simple moving average of $8.04 and a 200 day simple moving average of $6.49. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $10.26. The firm has a market cap of $1.32 billion, a P/E ratio of 16.08 and a beta of 2.37.

Frontier Group (NASDAQ:ULCC) last issued its earnings results 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 return on equity of 9.83% and a net margin of 2.25%. Analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

ULCC has been the subject of several research reports. Barclays lifted their target price on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Susquehanna boosted their price target on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group upped their target price on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Frontier Group currently has a consensus rating of “Hold” and a consensus target price of $7.74.

Hedge Funds Weigh In On Frontier Group

Hedge funds have recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Frontier Group in the 4th quarter worth approximately $32,000. KLP Kapitalforvaltning AS purchased a new position in Frontier Group in the fourth quarter worth $50,000. Victory Capital Management Inc. purchased a new position in Frontier Group in the third quarter worth $54,000. Nisa Investment Advisors LLC lifted its stake 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 worth $57,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after purchasing an additional 8,507 shares during 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.