Insider Selling: Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Sells 12,000 Shares of Stock

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

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 Trading Up 4.9%

ULCC stock traded up $0.19 during midday trading on Friday, reaching $4.00. The company's stock had a trading volume of 1,383,813 shares, compared to its average volume of 2,786,417. The firm has a market capitalization of $910.38 million, a price-to-earnings ratio of 11.13 and a beta of 2.67. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $5.90.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.03. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The business had revenue of $912.00 million during the quarter, compared to analyst estimates of $996.05 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Frontier Group

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Frontier Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company's stock worth $58,207,000 after acquiring an additional 26,682 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Frontier Group by 31.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company's stock valued at $17,042,000 after acquiring an additional 578,151 shares during the last quarter. Towle & Co. increased its stake in Frontier Group by 6.1% during the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company's stock worth $16,701,000 after acquiring an additional 134,723 shares during the last quarter. Voloridge Investment Management LLC raised its position in Frontier Group by 835.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after purchasing an additional 1,520,094 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Frontier Group by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company's stock valued at $11,564,000 after purchasing an additional 35,355 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ULCC shares. Susquehanna decreased their target price on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Barclays lowered their price objective on Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group cut their target price on Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Citigroup dropped their price objective on shares of Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley reduced their target price on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.