Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Sells $1,340,800.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $8.38, for a total transaction of $1,340,800.00. Following the completion of the transaction, the chief executive officer now owns 864,817 shares in the company, valued at $7,247,166.46. The trade was a 15.61 % 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 Friday, January 17th, Barry Biffle sold 273,000 shares of Frontier Group stock. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00.
• On Monday, January 6th, Barry Biffle sold 160,000 shares of Frontier Group stock. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00.
• On Monday, December 23rd, Barry Biffle sold 160,000 shares of Frontier Group stock. The shares were sold at an average price of $6.88, for a total transaction of $1,100,800.00.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded up $0.32 during mid-day trading on Friday, reaching $8.58. 2,842,829 shares of the company traded hands, compared to its average volume of 2,550,932. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.74. The firm has a market cap of $1.93 billion, a PE ratio of -214.45 and a beta of 2.32. The company’s 50 day moving average price is $6.70 and its 200-day moving average price is $5.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. On average, equities analysts expect that Frontier Group Holdings, Inc. will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently added to or reduced their stakes in the stock. AlTi Global Inc. purchased a new position in shares of Frontier Group in the second quarter worth $21,222,000. U S Global Investors Inc. grew its position in shares of Frontier Group by 71.4% during the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock valued at $40,473,000 after purchasing an additional 3,150,768 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Frontier Group by 235.7% in the third quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock worth $3,457,000 after purchasing an additional 453,736 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Frontier Group by 38.4% in the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after buying an additional 441,001 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Frontier Group by 81.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after buying an additional 269,221 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ULCC. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. UBS Group lifted their price target on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Evercore ISI lifted their target price on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Citigroup boosted their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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, the company has an average rating of “Hold” and an average target price of $6.96.

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.