Alexandre Clerc Sells 12,000 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) SVP Alexandre Clerc sold 12,000 shares of Frontier Group stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $3.89, for a total value of $46,680.00. Following the sale, the senior vice president now directly owns 11,912 shares of the company's stock, valued at approximately $46,337.68. This trade represents a 50.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alexandre Clerc also recently made the following trade(s):

• On Friday, March 7th, Alexandre Clerc sold 15,152 shares of Frontier Group stock. The stock was sold at an average price of $6.63, for a total value of $100,457.76.

Frontier Group Price Performance

Shares of NASDAQ ULCC traded up $0.20 during midday trading on Friday, hitting $4.01. The stock had a trading volume of 2,363,544 shares, compared to its average volume of 2,796,730. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a market capitalization of $913.34 million, a PE ratio of 11.14 and a beta of 2.67. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $5.90.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.03. The firm had revenue of $912.00 million for the quarter, compared to the consensus estimate of $996.05 million. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. On average, sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

Institutional investors have recently modified their holdings of the company. Voloridge Investment Management LLC grew its stake in Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock worth $12,101,000 after purchasing an additional 1,520,094 shares in the last quarter. Highland Peak Capital LLC acquired a new position in Frontier Group during the 4th quarter worth $6,492,000. Silver Point Capital L.P. acquired a new position in Frontier Group during the 1st quarter worth $3,906,000. Two Sigma Investments LP grew its stake in Frontier Group by 488.9% during the 4th quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock worth $6,971,000 after purchasing an additional 813,929 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Frontier Group by 1,353.6% during the 1st quarter. American Century Companies Inc. now owns 774,988 shares of the company's stock worth $3,363,000 after purchasing an additional 721,674 shares in the last quarter.

Analyst Ratings Changes

ULCC has been the subject of several recent research reports. Susquehanna reduced their price target on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. UBS Group reduced their price target on Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Citigroup reduced their price target on Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.00.

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.