Frontier Group Holdings, Inc. (NASDAQ:ULCC) EVP Howard Diamond Sells 87,830 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) EVP Howard Diamond sold 87,830 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now owns 175,886 shares of the company's stock, valued at $1,542,520.22. This trade represents a 33.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Frontier Group Trading Down 0.7 %

Shares of ULCC traded down $0.06 during mid-day trading on Thursday, reaching $7.48. The stock had a trading volume of 1,556,375 shares, compared to its average volume of 2,906,681. The business's fifty day moving average is $8.10 and its 200 day moving average is $6.25. Frontier Group Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 20.79 and a beta of 2.34.

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

Hedge Funds Weigh In On Frontier Group

A number of hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Frontier Group in the fourth quarter valued at approximately $32,000. KLP Kapitalforvaltning AS bought a new stake in Frontier Group in the fourth quarter worth $50,000. Victory Capital Management Inc. acquired a new position in Frontier Group in the 3rd quarter valued at $54,000. Ballentine Partners LLC acquired a new position in shares of Frontier Group during the third quarter worth approximately $55,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock worth $57,000 after acquiring an additional 7,380 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on ULCC. Barclays raised their target price on shares of Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Morgan Stanley lifted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday. Susquehanna boosted their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, UBS Group boosted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. 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, Frontier Group has a consensus rating of "Hold" and a consensus target price of $7.74.

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.