Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,509 shares of the company's stock after selling 38,801 shares during the period. Good Life Advisors LLC's holdings in Frontier Group were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Frontier Group in the fourth quarter valued at $32,000. Nisa Investment Advisors LLC boosted its stake in shares of Frontier Group by 1,230.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock worth $57,000 after buying an additional 7,380 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Frontier Group during the third quarter worth about $54,000. Ballentine Partners LLC purchased a new position in Frontier Group during the third quarter valued at approximately $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company's stock valued at $64,000 after acquiring an additional 8,507 shares during the period.

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 5,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Josh T. Connor sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the transaction, the director now directly owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 875,830 shares of company stock valued at $6,984,339. 81.50% of the stock is owned by insiders.

Frontier Group Price Performance

Shares of ULCC traded down $0.30 during mid-day trading on Tuesday, hitting $7.39. 970,889 shares of the company were exchanged, compared to its average volume of 2,905,086. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 20.46 and a beta of 2.35. Frontier Group Holdings, Inc. has a 1-year low of $2.79 and a 1-year high of $10.26. The company has a 50 day moving average of $8.05 and a 200-day moving average of $6.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. Analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ULCC. Barclays raised their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Morgan Stanley raised their price target on shares of Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. UBS Group raised their target price on Frontier Group from $6.00 to $8.50 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Susquehanna lifted their price target on Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Frontier Group has an average rating of "Hold" and a consensus price target of $7.74.

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.