79,531 Shares in Frontier Group Holdings, Inc. (NASDAQ:ULCC) Acquired by Man Group plc

Man Group plc purchased a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 79,531 shares of the company's stock, valued at approximately $565,000.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Frontier Group in the 4th quarter valued at about $32,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Frontier Group in the 4th quarter valued at approximately $50,000. Nisa Investment Advisors LLC grew its stake in shares of Frontier Group by 1,230.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after buying an additional 7,380 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Frontier Group in the fourth quarter valued at $96,000. Finally, Aigen Investment Management LP acquired a new position in Frontier Group during the fourth quarter worth $96,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on ULCC shares. Citigroup decreased 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 report on Friday, April 11th. Bank of America reduced their price target on Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Susquehanna lowered their price target on 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 cut their price objective on Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI reduced their target price on Frontier Group from $7.00 to $5.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. One investment 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 currently has an average rating of "Hold" and a consensus target price of $6.00.

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 15,152 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the transaction, the senior vice president now owns 23,912 shares of the company's stock, valued at approximately $158,536.56. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 48.00% of the company's stock.

Frontier Group Stock Performance

ULCC stock traded up $0.05 during trading hours on Friday, hitting $4.14. 424,890 shares of the stock were exchanged, compared to its average volume of 2,758,438. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.26. 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 firm has a market capitalization of $941.81 million, a P/E ratio of 11.49 and a beta of 2.55. The company has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $5.99.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted 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 analyst estimates of $996.05 million. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. On average, analysts forecast 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.