Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Sells $770,269.10 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Howard Diamond sold 87,830 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares in the company, valued at approximately $1,542,520.22. This represents a 33.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Frontier Group Price Performance

ULCC stock traded down $0.25 during mid-day trading on Monday, reaching $7.69. The company’s stock had a trading volume of 2,647,436 shares, compared to its average volume of 2,962,691. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $8.03 and its two-hundred day moving average is $6.18. The stock has a market cap of $1.75 billion, a PE ratio of 21.36 and a beta of 2.35. Frontier Group Holdings, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $10.26.

Frontier Group (NASDAQ:ULCC) last released its quarterly 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 net margin of 2.25% and a return on equity of 9.83%. Equities research analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Frontier Group

Hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Frontier Group during the 4th quarter worth $32,000. KLP Kapitalforvaltning AS purchased a new position in shares of Frontier Group during the fourth quarter worth about $50,000. Nisa Investment Advisors LLC increased its position in 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 acquiring an additional 7,380 shares during the period. Victory Capital Management Inc. purchased a new stake in Frontier Group during the 3rd quarter valued at approximately $54,000. Finally, Ballentine Partners LLC acquired a new stake in Frontier Group during the 3rd quarter worth approximately $55,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ULCC shares. UBS Group increased their target price on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Susquehanna upped their target price on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Barclays boosted their price target on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.