Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 29.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,367,750 shares of the company’s stock after selling 2,197,204 shares during the period. Frontier Group comprises approximately 3.8% of U S Global Investors Inc.’s portfolio, making the stock its 5th biggest holding. U S Global Investors Inc.’s holdings in Frontier Group were worth $38,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULCC. R Squared Ltd purchased a new stake in Frontier Group during the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Frontier Group by 1,230.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after buying an additional 7,380 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Frontier Group during the 3rd quarter valued at about $54,000. Ballentine Partners LLC acquired a new position in Frontier Group during the 3rd quarter worth approximately $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after acquiring an additional 8,507 shares in the last quarter.

Frontier Group Stock Down 1.7 %

Frontier Group stock opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. Frontier Group Holdings, Inc. has a one year low of $2.79 and a one year high of $10.26. The company has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $6.26. The firm has a market capitalization of $1.68 billion, a P/E ratio of 20.56 and a beta of 2.34.

Frontier Group (NASDAQ:ULCC) last posted its earnings results 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 net margin of 2.25% and a return on equity of 9.83%. As a group, equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the sale, the executive vice president now directly owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. This represents a 33.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares in the company, valued at $1,874,397. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 875,830 shares of company stock valued at $6,984,339. Company insiders own 81.50% of the company’s stock.

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.