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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the transaction, the senior vice president now directly owns 23,912 shares of the company’s stock, 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 accessible through this hyperlink.

Frontier Group Trading Down 4.1 %

NASDAQ:ULCC traded down $0.25 during mid-day trading on Tuesday, reaching $5.79. The company’s stock had a trading volume of 4,587,449 shares, compared to its average volume of 3,029,640. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $1.32 billion, a P/E ratio of 16.08 and a beta of 2.37. The company’s fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $6.47. Frontier Group Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $10.26.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Institutional Trading of Frontier Group

Several institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Frontier Group in the fourth quarter valued at $32,000. KLP Kapitalforvaltning AS acquired a new position in shares of Frontier Group in the 4th quarter valued at about $50,000. Nisa Investment Advisors LLC lifted its stake in shares of Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after purchasing an additional 7,380 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Frontier Group during the 3rd quarter worth approximately $54,000. Finally, ProShare Advisors LLC purchased a new position in Frontier Group in the fourth quarter valued at approximately $84,000.

Analyst Ratings Changes

A number of brokerages have issued reports on ULCC. Barclays lifted their target price on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Susquehanna lifted 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. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Finally, UBS Group increased their price objective on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One 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. According to data from MarketBeat.com, Frontier Group currently has a consensus rating of “Hold” and an average price target of $7.74.

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.