Bridgewater Associates LP Invests $617,000 in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Bridgewater Associates LP bought a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 86,751 shares of the company's stock, valued at approximately $617,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Frontier Group by 378.6% during the third quarter. Barclays PLC now owns 72,866 shares of the company's stock worth $389,000 after acquiring an additional 57,642 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company's stock worth $8,512,000 after acquiring an additional 441,001 shares during the period. Virtu Financial LLC bought a new stake in Frontier Group in the 3rd quarter valued at about $145,000. SkyView Investment Advisors LLC grew its stake in Frontier Group by 9.7% during the third quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company's stock worth $1,910,000 after buying an additional 31,559 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after purchasing an additional 7,380 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ULCC. Evercore ISI dropped their price objective on Frontier Group from $7.00 to $5.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. Barclays decreased their price target on Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Citigroup dropped their price objective on Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.11.

Frontier Group Trading Down 0.2 %

ULCC stock traded down $0.01 during midday trading on Friday, reaching $3.23. 1,287,049 shares of the company's stock traded hands, compared to its average volume of 2,532,836. The business has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $6.44. The company has a market capitalization of $732.87 million, a P/E ratio of 8.93 and a beta of 2.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group Holdings, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping 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%. Equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the transaction, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexandre Clerc sold 15,152 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the sale, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.00% of the company's stock.

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.