44,631 Shares in Frontier Group Holdings, Inc. (NASDAQ:ULCC) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,631 shares of the company's stock, valued at approximately $317,000.

Several other institutional investors have also added to or reduced their stakes in the business. Highland Peak Capital LLC purchased a new stake in Frontier Group during the 4th quarter valued at about $6,492,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Frontier Group by 247.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company's stock valued at $6,585,000 after purchasing an additional 659,811 shares during the period. Verition Fund Management LLC grew its holdings in shares of Frontier Group by 235.7% in the third quarter. Verition Fund Management LLC now owns 646,243 shares of the company's stock worth $3,457,000 after purchasing an additional 453,736 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Frontier Group by 38.4% in the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company's stock worth $8,512,000 after buying an additional 441,001 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Frontier Group by 81.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company's stock valued at $3,205,000 after buying an additional 269,221 shares during the last quarter.

Analyst Ratings Changes

ULCC has been the topic of a number of recent analyst reports. Susquehanna raised their price target 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. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $12.00 to $8.00 in a research note on Tuesday, March 4th. Citigroup reaffirmed a "neutral" rating and set a $7.25 target price on shares of Frontier Group in a research note on Thursday. Morgan Stanley increased their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Barclays lifted their price objective on Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.58.

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Frontier Group Stock Down 0.9 %

Frontier Group stock traded down $0.05 during mid-day trading on Friday, hitting $5.47. The company had a trading volume of 2,695,809 shares, compared to its average volume of 2,205,666. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $7.78 and its two-hundred day moving average price is $6.56. The company has a market capitalization of $1.24 billion, a PE ratio of 15.19 and a beta of 2.37.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.23 EPS 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%. As a group, sell-side analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Alexandre Clerc sold 15,152 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the sale, the senior vice president now owns 23,912 shares in the company, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the sale, the senior vice president now owns 47,590 shares of the company's stock, valued at approximately $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 860,982 shares of company stock worth $6,912,597 over the last 90 days. 81.50% of the stock is currently owned by insiders.

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.