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 directly owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $5.75 on Friday. The firm’s 50 day moving average is $7.99 and its two-hundred day moving average is $6.48. The firm has a market capitalization of $1.31 billion, a P/E ratio of 15.97 and a beta of 2.37. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $10.26.

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

Analyst Upgrades and Downgrades

ULCC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Barclays boosted their target price on shares of Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley raised their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. UBS Group boosted their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Susquehanna raised their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ULCC. Vanguard Group Inc. grew its position in Frontier Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock valued at $58,207,000 after buying an additional 26,682 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Frontier Group by 31.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company’s stock worth $17,042,000 after acquiring an additional 578,151 shares during the period. Towle & Co. boosted its holdings in shares of Frontier Group by 6.1% in the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock valued at $16,701,000 after acquiring an additional 134,723 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock valued at $12,101,000 after acquiring an additional 1,520,094 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Frontier Group by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company’s stock worth $11,564,000 after purchasing an additional 35,355 shares in 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.