Mutual Advisors LLC Sells 105,841 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Mutual Advisors LLC cut its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 56.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,200 shares of the company's stock after selling 105,841 shares during the quarter. Mutual Advisors LLC's holdings in Frontier Group were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Frontier Group by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company's stock worth $217,000 after purchasing an additional 2,296 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Frontier Group by 8.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company's stock valued at $536,000 after acquiring an additional 5,834 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Frontier Group during the fourth quarter valued at approximately $50,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Frontier Group by 71.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock worth $78,000 after acquiring an additional 7,546 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in Frontier Group during the first quarter worth $35,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ULCC shares. UBS Group set a $4.00 price objective on Frontier Group and gave the company a "neutral" rating in a research note on Monday, July 7th. Evercore ISI decreased their price objective on shares of Frontier Group from $7.00 to $5.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Bank of America lowered their price objective on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Morgan Stanley reduced their target price on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Finally, Susquehanna lowered their price target on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.67.

Insider Buying and Selling

In other news, SVP Alexandre Clerc sold 12,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $3.89, for a total transaction of $46,680.00. Following the sale, the senior vice president directly owned 11,912 shares in the company, valued at $46,337.68. This represents a 50.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 48.00% of the stock is currently owned by corporate insiders.

Frontier Group Stock Performance

Shares of ULCC stock traded down $0.20 during trading on Friday, reaching $4.16. 2,274,966 shares of the company's stock traded hands, compared to its average volume of 3,023,876. The firm's 50-day moving average is $3.86 and its 200 day moving average is $5.48. The company has a market capitalization of $947.48 million, a P/E ratio of 14.34 and a beta of 2.60. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.48.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate 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 5.53% and a net margin of 1.78%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Equities research analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Frontier Group 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.