Frontier Group Holdings, Inc. (NASDAQ:ULCC) Holdings Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 310.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,400 shares of the company's stock after acquiring an additional 207,500 shares during the quarter. Two Sigma Advisers LP owned about 0.12% of Frontier Group worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP increased 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 buying an additional 813,929 shares during the period. Teza Capital Management LLC purchased a new stake in Frontier Group during the 4th quarter worth $167,000. ProShare Advisors LLC purchased a new stake in Frontier Group during the 4th quarter worth $84,000. Man Group plc purchased a new stake in Frontier Group during the 4th quarter worth $565,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in Frontier Group during the 4th quarter worth $849,000.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded up $0.06 during trading on Tuesday, reaching $4.07. 350,619 shares of the company's stock traded hands, compared to its average volume of 2,770,208. 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 12 month low of $2.79 and a 12 month high of $10.26. The company has a 50 day moving average of $3.71 and a 200-day moving average of $5.94. The stock has a market capitalization of $927.00 million, a P/E ratio of 11.31 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $996.05 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Insider Activity at Frontier Group

In related news, SVP Alexandre Clerc sold 15,152 shares of the business's stock in a transaction dated 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 sale, the senior vice president now owns 23,912 shares of the company's stock, valued at $158,536.56. This represents a 38.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 48.00% of the company's stock.

Analyst Upgrades and Downgrades

ULCC has been the topic of several analyst reports. Barclays dropped their price target on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. Citigroup dropped their target price 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. Finally, Bank of America dropped their target price on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. One 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. According to MarketBeat, Frontier Group presently has a consensus rating of "Hold" and an average price target of $6.00.

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.