GSA Capital Partners LLP Reduces Stock Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

GSA Capital Partners LLP trimmed its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 78.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,566 shares of the company's stock after selling 187,774 shares during the period. GSA Capital Partners LLP's holdings in Frontier Group were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ULCC. AlTi Global Inc. purchased a new stake in Frontier Group during the second quarter worth approximately $21,222,000. U S Global Investors Inc. lifted its position in Frontier Group by 71.4% during the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company's stock worth $40,473,000 after acquiring an additional 3,150,768 shares during the period. Boston Partners grew its stake in shares of Frontier Group by 176.6% in the 1st quarter. Boston Partners now owns 1,053,270 shares of the company's stock valued at $8,518,000 after purchasing an additional 672,471 shares during the last quarter. Jade Capital Advisors LLC increased its holdings in shares of Frontier Group by 624.3% in the third quarter. Jade Capital Advisors LLC now owns 249,436 shares of the company's stock valued at $1,334,000 after purchasing an additional 215,000 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Frontier Group during the second quarter worth approximately $1,011,000.

Insider Buying and Selling at Frontier Group

In other news, SVP Steve Schuller sold 10,000 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares of the company's stock, valued at $204,210. The trade was a 22.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 81.50% of the stock is owned by company insiders.

Frontier Group Trading Up 0.9 %

Shares of NASDAQ:ULCC traded up $0.05 during trading on Friday, reaching $5.60. The stock had a trading volume of 2,603,029 shares, compared to its average volume of 2,628,049. Frontier Group Holdings, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $8.33. The business has a fifty day moving average price of $5.81 and a 200-day moving average price of $4.94. The stock has a market cap of $1.26 billion, a P/E ratio of -139.97 and a beta of 2.51. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter last year, the business earned ($0.14) EPS. The firm's revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULCC. Citigroup raised their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Frontier Group from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Bank of America lowered their target price on shares of Frontier Group from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. Barclays boosted their price target on Frontier Group from $7.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Finally, TD Cowen upped their price target on Frontier Group from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Frontier Group currently has a consensus rating of "Hold" and a consensus price target of $6.52.

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.