Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Purchased by Creative Planning

Creative Planning raised its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 81.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,026 shares of the company's stock after acquiring an additional 104,707 shares during the period. Creative Planning owned approximately 0.10% of Frontier Group worth $1,252,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $45,000. nVerses Capital LLC grew its stake in shares of Frontier Group by 152.5% in the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock valued at $50,000 after buying an additional 6,100 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $58,000. Arizona State Retirement System grew its stake in shares of Frontier Group by 29.0% in the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company's stock valued at $77,000 after buying an additional 3,521 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Frontier Group by 27.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company's stock valued at $98,000 after buying an additional 4,279 shares during the period.

Insider Activity

In other news, SVP Steve Schuller sold 10,000 shares of the firm's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares in the company, valued at approximately $204,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 81.50% of the company's stock.

Frontier Group Stock Down 2.6 %

ULCC stock traded down $0.17 during midday trading on Thursday, hitting $6.08. The company's stock had a trading volume of 2,316,444 shares, compared to its average volume of 2,101,873. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Frontier Group Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $8.33. The firm has a market capitalization of $1.36 billion, a P/E ratio of -152.00 and a beta of 2.55. The firm has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.99.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. Frontier Group's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ULCC shares. Susquehanna increased their price target on shares of Frontier Group from $3.00 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. TD Cowen increased their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Monday, September 16th. Raymond James raised shares of Frontier Group from an "underperform" rating to a "market perform" rating in a research report on Monday, September 30th. Citigroup increased their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut shares of Frontier Group from a "neutral" rating to an "underweight" rating in a research report on Tuesday, July 30th. One equities research 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.12.

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.