Frontier Group Target of Unusually High Options Trading (NASDAQ:ULCC)

Frontier Group Holdings, Inc. (NASDAQ:ULCC) 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

Several equities research analysts recently issued reports on the company. Barclays lowered their price objective on Frontier Group from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Citigroup lifted their price target on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, TD Cowen lifted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and an average price target of $6.02.

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) 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.