86,751 Shares in Frontier Group Holdings, Inc. (NASDAQ:ULCC) Acquired by Bridgewater Associates LP

Bridgewater Associates LP acquired a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 86,751 shares of the company's stock, valued at approximately $617,000.

Several other hedge funds also recently bought and sold shares of the company. Walleye Capital LLC boosted its holdings in Frontier Group by 235.4% in the 4th quarter. Walleye Capital LLC now owns 47,600 shares of the company's stock valued at $338,000 after purchasing an additional 33,406 shares during the period. XTX Topco Ltd purchased a new stake in shares of Frontier Group in the 4th quarter valued at about $129,000. Barclays PLC grew its holdings in shares of Frontier Group by 12.1% during the fourth quarter. Barclays PLC now owns 81,710 shares of the company's stock worth $581,000 after purchasing an additional 8,844 shares in the last quarter. Straightline Group LLC purchased a new stake in Frontier Group in the fourth quarter valued at approximately $337,000. Finally, Legal & General Group Plc lifted its position in Frontier Group by 54.4% during the fourth quarter. Legal & General Group Plc now owns 49,832 shares of the company's stock valued at $354,000 after purchasing an additional 17,558 shares during the last quarter.

Insider Activity at Frontier Group

In other news, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the transaction, the executive vice president now owns 175,886 shares in the company, valued at $1,542,520.22. This trade represents a 33.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the company's stock in a transaction on Friday, March 7th. The stock was 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 in the company, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.00% of the stock is owned by corporate insiders.

Frontier Group Trading Up 0.6 %

Shares of NASDAQ ULCC traded up $0.02 during trading hours on Thursday, hitting $3.23. The company's stock had a trading volume of 3,652,162 shares, compared to its average volume of 2,533,758. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. The stock has a market cap of $734.01 million, a price-to-earnings ratio of 8.97 and a beta of 2.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The business has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $6.46.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating 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, analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on ULCC shares. Susquehanna reduced their price objective on Frontier Group from $9.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Citigroup reduced their price target on shares of Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Evercore ISI lowered their price objective on shares of Frontier Group from $7.00 to $5.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Finally, UBS Group decreased their target price on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.11.

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.