Barry Biffle Sells 160,000 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,024,817 shares in the company, valued at approximately $8,075,557.96. The trade was a 13.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Barry Biffle also recently made the following trade(s):

• On Monday, December 23rd, Barry Biffle sold 160,000 shares of Frontier Group stock. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $8.16 on Thursday. Frontier Group Holdings, Inc. has a one year low of $2.79 and a one year high of $8.41. The stock has a market cap of $1.84 billion, a PE ratio of -203.95 and a beta of 2.32. The business’s fifty day moving average price is $6.44 and its two-hundred day moving average price is $5.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $943.30 million. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. On average, analysts forecast that Frontier Group Holdings, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

ULCC has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. UBS Group upped their price target on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America cut their price target on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Finally, Susquehanna boosted their price target on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.96.

Hedge Funds Weigh In On Frontier Group

Several large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new stake in Frontier Group in the 3rd quarter valued at about $54,000. Ballentine Partners LLC purchased a new stake in Frontier Group in the third quarter valued at approximately $55,000. Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group during the second quarter worth approximately $58,000. Blue Trust Inc. boosted its holdings in shares of Frontier Group by 41.2% in the 3rd quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Frontier Group by 251.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after buying 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.