Frontier Group Holdings, Inc. (NASDAQ:ULCC) Holdings Lifted by Primecap Management Co. CA

Primecap Management Co. CA grew its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,300 shares of the company's stock after buying an additional 117,700 shares during the quarter. Primecap Management Co. CA owned 0.17% of Frontier Group worth $2,732,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ULCC. R Squared Ltd purchased a new stake in Frontier Group during the 4th quarter worth $32,000. Nisa Investment Advisors LLC lifted its stake in shares of Frontier Group by 1,230.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock worth $57,000 after purchasing an additional 7,380 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Frontier Group in the third quarter worth about $54,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 buying an additional 8,507 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in shares of Frontier Group during the 3rd quarter valued at about $71,000.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the transaction, the senior vice president now directly owns 47,590 shares in the company, valued at $336,461.30. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Barry Biffle sold 273,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the sale, the chief executive officer now owns 816,817 shares in the company, valued at $6,893,935.48. The trade was a 25.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 700,982 shares of company stock valued at $5,811,797 in the last quarter. Insiders own 81.50% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their price target on Frontier Group from $10.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Susquehanna upped their target price on shares of Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Citigroup restated a "neutral" rating and set a $7.25 target price on shares of Frontier Group in a research note on Thursday. Finally, Morgan Stanley boosted their price target on Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.58.

Frontier Group Stock Up 3.7 %

NASDAQ ULCC traded up $0.20 on Monday, hitting $5.67. 2,501,437 shares of the stock traded hands, compared to its average volume of 2,215,030. 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 has a 50-day moving average of $7.73 and a 200 day moving average of $6.62. Frontier Group Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $10.26. The company has a market capitalization of $1.29 billion, a P/E ratio of 15.75 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

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.