Jade Capital Advisors LLC Boosts Stock Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Jade Capital Advisors LLC lifted its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 624.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 249,436 shares of the company’s stock after buying an additional 215,000 shares during the quarter. Jade Capital Advisors LLC’s holdings in Frontier Group were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ULCC. Blue Trust Inc. purchased a new position in Frontier Group in the 2nd quarter worth about $45,000. nVerses Capital LLC grew its stake in shares of Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after acquiring an additional 6,100 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Frontier Group during the second quarter valued at approximately $58,000. Arizona State Retirement System lifted its position in Frontier Group by 29.0% during the second quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock valued at $77,000 after purchasing an additional 3,521 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Frontier Group by 27.3% in the second quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company’s stock worth $98,000 after purchasing an additional 4,279 shares during the last quarter.

Frontier Group Stock Down 1.1 %

NASDAQ ULCC opened at $6.91 on Tuesday. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.33. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.55 billion, a P/E ratio of -23.83 and a beta of 2.55. The stock’s 50-day moving average price is $4.52 and its 200-day moving average price is $4.98.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 81.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ULCC shares. Barclays decreased their target price on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Susquehanna upped their price objective on Frontier Group from $3.00 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Citigroup raised their target price on Frontier Group from $3.50 to $4.70 and gave the stock a “neutral” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI increased their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.77.

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.