Alexandre Clerc Sells 15,152 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc sold 15,152 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the sale, the senior vice president now owns 23,912 shares in the company, valued at $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Frontier Group Stock Up 5.0 %

Shares of NASDAQ ULCC opened at $6.08 on Thursday. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. 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 firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.89 and a beta of 2.37. The business has a 50-day moving average of $8.02 and a 200-day moving average of $6.48.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. Sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ULCC. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Morgan Stanley lifted their target price on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. UBS Group lifted their target price on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Susquehanna lifted their target price on Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their target price on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Frontier Group has a consensus rating of “Hold” and a consensus price target of $7.74.

Institutional Trading of Frontier Group

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Frontier Group by 38.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after buying an additional 441,001 shares during the last quarter. Algert Global LLC lifted its position in Frontier Group by 80.2% in the 3rd quarter. Algert Global LLC now owns 451,508 shares of the company’s stock worth $2,416,000 after buying an additional 200,885 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Frontier Group in the 3rd quarter worth approximately $54,000. Barclays PLC lifted its position in Frontier Group by 378.6% in the 3rd quarter. Barclays PLC now owns 72,866 shares of the company’s stock worth $389,000 after buying an additional 57,642 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted 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 worth $57,000 after buying an additional 7,380 shares during the last quarter.

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.