Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Sells $2,304,120.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 273,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the sale, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. This represents a 25.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 15th, Barry Biffle sold 160,000 shares of Frontier Group stock. The stock was sold at an average price of $8.38, for a total value of $1,340,800.00.
• 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 transaction of $1,260,800.00.
• 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 value of $1,100,800.00.

Frontier Group Trading Up 3.9 %

Shares of Frontier Group stock traded up $0.32 on Friday, reaching $8.58. 2,842,829 shares of the company’s stock were exchanged, compared to its average volume of 2,550,932. The firm’s 50-day moving average is $6.70 and its two-hundred day moving average is $5.32. The company has a market capitalization of $1.93 billion, a P/E ratio of -214.45 and a beta of 2.32. 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 Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.74.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $943.30 million. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. Sell-side analysts predict that Frontier Group Holdings, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

ULCC has been the subject of a number of research reports. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Susquehanna boosted their price target on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. UBS Group lifted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup raised their price target on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, 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 research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.96.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ULCC. U S Global Investors Inc. increased its holdings 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 acquiring an additional 3,150,768 shares in the last quarter. AlTi Global Inc. acquired a new stake in Frontier Group in the 2nd quarter valued at $21,222,000. Geode Capital Management LLC increased its stake in Frontier Group by 38.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock valued at $8,512,000 after purchasing an additional 441,001 shares in the last quarter. Verition Fund Management LLC raised its holdings in Frontier Group by 235.7% during the third quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock worth $3,457,000 after buying an additional 453,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Frontier Group by 81.6% in the third 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.

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.