Barclays PLC Has $389,000 Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Barclays PLC grew its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 378.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,866 shares of the company's stock after acquiring an additional 57,642 shares during the period. Barclays PLC's holdings in Frontier Group were worth $389,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ULCC. Rhumbline Advisers boosted its stake in Frontier Group by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 160,070 shares of the company's stock valued at $789,000 after purchasing an additional 3,543 shares during the period. Blue Trust Inc. boosted its position in shares of Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company's stock valued at $63,000 after acquiring an additional 3,744 shares during the period. XTX Topco Ltd grew its stake in shares of Frontier Group by 10.6% in the second quarter. XTX Topco Ltd now owns 41,103 shares of the company's stock valued at $203,000 after acquiring an additional 3,936 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Frontier Group by 27.3% during the second quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company's stock worth $98,000 after acquiring an additional 4,279 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Frontier Group by 251.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company's stock worth $64,000 after purchasing an additional 8,507 shares in the last quarter.

Frontier Group Price Performance

NASDAQ:ULCC traded up $0.32 on Friday, hitting $8.58. The company had a trading volume of 2,842,829 shares, compared to its average volume of 2,289,551. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week high of $8.74. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -214.45 and a beta of 2.32. The firm has a 50 day moving average of $6.74 and a two-hundred day moving average of $5.35.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. The business's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. On average, research analysts anticipate that Frontier Group Holdings, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ULCC. Raymond James raised shares of Frontier Group from an "underperform" rating to a "market perform" rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $6.00 to $8.00 in a report on Wednesday, December 11th. Susquehanna increased their target price on Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. UBS Group boosted their price target on Frontier Group from $6.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Citigroup raised their target price on shares of Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $6.96.

Insider Activity

In related news, SVP Steve Schuller sold 5,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the transaction, the senior vice president now directly owns 47,590 shares of the company's stock, valued at $336,461.30. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction dated 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 $5,399,540.96. The trade was a 16.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 788,000 shares of company stock valued at $6,214,070. 81.50% of the stock is currently 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.