Barry Biffle Sells 82,627 Shares of Frontier Group (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 82,627 shares of Frontier Group stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $5.78, for a total value of $477,584.06. Following the sale, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at approximately $3,652,012.08. This trade represents a 11.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Barry Biffle also recently made the following trade(s):

• On Wednesday, December 10th, Barry Biffle sold 17,373 shares of Frontier Group stock. The shares were sold at an average price of $6.01, for a total value of $104,411.73.
• On Monday, December 8th, Barry Biffle sold 100,000 shares of Frontier Group stock. The stock was sold at an average price of $5.54, for a total transaction of $554,000.00.
• On Friday, December 5th, Barry Biffle sold 44,813 shares of Frontier Group stock. The stock was sold at an average price of $5.05, for a total transaction of $226,305.65.
• On Thursday, December 4th, Barry Biffle sold 55,187 shares of Frontier Group stock. The shares were sold at an average price of $5.04, for a total transaction of $278,142.48.

Frontier Group Trading Down 0.9%

NASDAQ:ULCC traded down $0.05 during trading hours on Friday, reaching $5.74. The company’s stock had a trading volume of 7,265,495 shares, compared to its average volume of 3,922,261. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -9.41 and a beta of 2.55. The firm has a 50-day simple moving average of $4.28 and a 200-day simple moving average of $4.31. Frontier Group Holdings, Inc. has a 1 year low of $2.89 and a 1 year high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The firm had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Research analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULCC has been the subject of several recent research reports. Morgan Stanley lowered their price objective on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group reaffirmed a “neutral” rating and issued a $6.00 target price (up from $4.00) on shares of Frontier Group in a research note on Friday. Citigroup initiated coverage on shares of Frontier Group in a report on Thursday, December 4th. They set a “neutral” rating and a $5.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Seaport Res Ptn raised shares of Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontier Group in the 3rd quarter worth approximately $27,000. Ameritas Investment Partners Inc. grew its stake in Frontier Group by 130.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock worth $31,000 after purchasing an additional 4,885 shares during the period. CWM LLC raised its holdings in Frontier Group by 165.0% in the second quarter. CWM LLC now owns 10,042 shares of the company’s stock worth $36,000 after purchasing an additional 6,253 shares in the last quarter. Baron Wealth Management LLC purchased a new position in Frontier Group during the second quarter valued at $37,000. Finally, MQS Management LLC bought a new stake in shares of Frontier Group during the 2nd quarter valued at $37,000.

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.