Mutual Advisors LLC Has $1.33 Million Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Mutual Advisors LLC lifted its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 187,041 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Mutual Advisors LLC’s holdings in Frontier Group were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ULCC. Nisa Investment Advisors LLC raised its holdings in Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after acquiring an additional 7,380 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Frontier Group during the 3rd quarter worth $54,000. Ballentine Partners LLC bought a new position in Frontier Group in the third quarter valued at about $55,000. Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group during the second quarter worth about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 acquiring an additional 8,507 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group boosted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays upped their target price on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Evercore ISI lifted their price target on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Morgan Stanley reduced their price target on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Finally, Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.96.

Frontier Group Stock Up 0.8 %

Shares of NASDAQ ULCC opened at $8.42 on Friday. The company’s 50 day moving average price is $6.91 and its 200-day moving average price is $5.49. 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 Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $8.85. The company has a market capitalization of $1.90 billion, a P/E ratio of -210.45 and a beta of 2.32.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) EPS. Equities analysts forecast that Frontier Group Holdings, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Josh T. Connor sold 30,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the transaction, the director now owns 326,550 shares of the company’s stock, valued at $1,874,397. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00. Following the transaction, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. This trade represents a 16.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 788,000 shares of company stock valued at $6,214,070 over the last ninety days. 81.50% of the stock is owned by corporate insiders.

Frontier Group Company 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.