Insider Selling: 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 on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. The trade was a 33.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Frontier Group Stock Up 0.4 %

ULCC stock opened at $7.53 on Thursday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 20.92 and a beta of 2.34. The company has a fifty day moving average price of $8.10 and a 200 day moving average price of $6.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26.

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

Analysts Set New Price Targets

ULCC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Susquehanna upped their price target on Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. UBS Group raised their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays boosted their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley increased their target price on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.74.

Institutional Trading of Frontier Group

A number of hedge funds have recently added to or reduced their stakes in ULCC. Geode Capital Management LLC raised its stake in shares of Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after purchasing an additional 441,001 shares during the last quarter. Algert Global LLC increased its stake in Frontier Group by 80.2% in the 3rd quarter. Algert Global LLC now owns 451,508 shares of the company’s stock valued at $2,416,000 after buying an additional 200,885 shares during the period. Creative Planning raised its position in Frontier Group by 81.0% during the 3rd quarter. Creative Planning now owns 234,026 shares of the company’s stock worth $1,252,000 after buying an additional 104,707 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Frontier Group during the 3rd quarter worth $54,000. Finally, Barclays PLC lifted its stake in shares of 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 acquiring an additional 57,642 shares during the period.

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.