Good Life Advisors LLC Sells 38,801 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Good Life Advisors LLC lowered its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 56.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,509 shares of the company’s stock after selling 38,801 shares during the quarter. Good Life Advisors LLC’s holdings in Frontier Group were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Rhumbline Advisers lifted its position in Frontier Group by 4.4% during the fourth quarter. Rhumbline Advisers now owns 55,354 shares of the company’s stock valued at $394,000 after purchasing an additional 2,334 shares during the last quarter. Blue Trust Inc. lifted its position in Frontier Group by 41.2% during the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after purchasing an additional 3,744 shares during the last quarter. R Squared Ltd bought a new position in Frontier Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC lifted its position in Frontier Group by 1,230.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in Frontier Group by 4.5% during the fourth quarter. Mutual Advisors LLC now owns 187,041 shares of the company’s stock valued at $1,330,000 after purchasing an additional 8,000 shares during the last quarter.

Frontier Group Trading Down 8.9 %

ULCC stock opened at $7.94 on Friday. The company has a market capitalization of $1.80 billion, a PE ratio of 22.06 and a beta of 2.35. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. The firm’s 50-day moving average is $8.03 and its 200 day moving average is $6.14. 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 (NASDAQ:ULCC) last posted its quarterly 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%. On average, research analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares of the company’s stock, valued at approximately $336,461.30. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Barry Biffle sold 273,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $8.44, for a total transaction of $2,304,120.00. Following the transaction, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. This trade represents a 25.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 788,000 shares of company stock valued at $6,214,070. Company insiders own 81.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULCC. 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. Barclays raised their target price on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. UBS Group raised their target price 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. Finally, Morgan Stanley lowered their target price on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. 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. According to MarketBeat.com, Frontier Group has an average rating of “Hold” and a consensus target price of $7.41.

Frontier Group Profile

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.