Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 210.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 804,693 shares of the company's stock after acquiring an additional 545,485 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.36% of Frontier Group worth $5,721,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ULCC. Barclays PLC lifted its stake in shares of Frontier Group by 378.6% in 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 in the last quarter. Nisa Investment Advisors LLC lifted 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 worth $57,000 after acquiring an additional 7,380 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of Frontier Group by 4.5% in the fourth quarter. Mutual Advisors LLC now owns 187,041 shares of the company's stock worth $1,330,000 after acquiring an additional 8,000 shares in the last quarter. R Squared Ltd acquired a new position in shares of Frontier Group in the fourth quarter worth about $32,000. Finally, Spire Wealth Management acquired a new position in shares of Frontier Group in the fourth quarter worth about $327,000.

Frontier Group Stock Up 7.2%

NASDAQ:ULCC opened at $4.16 on Tuesday. The firm has a market capitalization of $947.50 million, a PE ratio of 11.56 and a beta of 2.55. The stock has a 50 day moving average of $4.27 and a 200-day moving average of $6.20. Frontier Group Holdings, Inc. has a 52 week low of $2.79 and a 52 week 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.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its 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 return on equity of 9.83% and a net margin of 2.25%. The company 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 company earned ($0.09) earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. Analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ULCC. Citigroup lowered their price objective on Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Bank of America lowered their price objective 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 objective on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Finally, UBS Group lowered their price objective on Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.11.

Insider Buying and Selling

In related news, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now directly 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 SEC, which is available through the SEC website. Also, EVP Howard Diamond sold 87,830 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.00% of the company's stock.

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.

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