Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Sells $1,260,800.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00. Following the sale, the chief executive officer now owns 1,024,817 shares of the company’s stock, valued at approximately $8,075,557.96. This represents a 13.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 23rd, Barry Biffle sold 160,000 shares of Frontier Group stock. The shares were sold at an average price of $6.88, for a total transaction of $1,100,800.00.

Frontier Group Stock Up 4.1 %

Shares of ULCC traded up $0.33 on Tuesday, reaching $8.32. The stock had a trading volume of 3,172,422 shares, compared to its average volume of 3,506,030. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -207.95 and a beta of 2.32. The company has a 50-day simple moving average of $6.36 and a 200-day simple moving average of $5.14. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $943.30 million. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. Sell-side analysts predict that Frontier Group Holdings, Inc. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Frontier Group

A number of large investors have recently made changes to their positions in ULCC. Victory Capital Management Inc. bought a new stake in shares of Frontier Group during the 3rd quarter valued at $54,000. Ballentine Partners LLC purchased a new position in Frontier Group during the third quarter valued at $55,000. Vanguard Personalized Indexing Management LLC bought a new stake in Frontier Group during the second quarter valued at about $58,000. Blue Trust Inc. increased its position in Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock worth $63,000 after buying an additional 3,744 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after buying an additional 8,507 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ULCC shares. UBS Group lifted their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday. Citigroup boosted their price objective on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Morgan Stanley decreased their price target on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Barclays raised their price objective on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.96.

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.