Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) was the recipient of some unusual options trading on Monday. Traders bought 3,800 call options on the company. This represents an increase of 341% compared to the typical daily volume of 861 call options.
Insider Activity
In other news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 81.50% of the company’s stock.
Hedge Funds Weigh In On Frontier Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Norden Group LLC purchased a new position in shares of Frontier Group during the first quarter worth about $293,000. Capstone Investment Advisors LLC purchased a new position in shares of Frontier Group during the first quarter worth about $350,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Frontier Group during the first quarter worth about $494,000. Russell Investments Group Ltd. grew its holdings in shares of Frontier Group by 11.0% during the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after purchasing an additional 109,418 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Frontier Group by 23.3% during the first quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock worth $204,000 after purchasing an additional 4,756 shares during the last quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on ULCC
Frontier Group Trading Up 1.7 %
Shares of ULCC stock traded up $0.12 on Monday, reaching $7.15. 822,183 shares of the stock were exchanged, compared to its average volume of 2,075,102. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The business’s 50 day moving average price is $4.81 and its 200 day moving average price is $4.97. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33.
Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that Frontier Group will post 0.06 EPS for the current fiscal year.
About Frontier Group
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.
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