Dimensional Fund Advisors LP Buys 545,485 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Dimensional Fund Advisors LP increased its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 210.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,693 shares of the company's stock after purchasing an additional 545,485 shares during the period. Dimensional Fund Advisors LP owned about 0.36% of Frontier Group worth $5,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in shares of Frontier Group during the fourth quarter valued at approximately $163,000. Jump Financial LLC acquired a new stake in Frontier Group in the 4th quarter valued at $447,000. Bridgewater Associates LP acquired a new stake in Frontier Group in the 4th quarter valued at $617,000. Walleye Capital LLC boosted its stake in Frontier Group by 235.4% in the 4th quarter. Walleye Capital LLC now owns 47,600 shares of the company's stock valued at $338,000 after buying an additional 33,406 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Frontier Group in the 4th quarter valued at $129,000.

Frontier Group Price Performance

Frontier Group stock traded up $0.08 on Friday, reaching $4.17. The company's stock had a trading volume of 2,550,346 shares, compared to its average volume of 2,719,192. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The company has a market cap of $949.78 million, a price-to-earnings ratio of 11.58 and a beta of 2.55. The business's fifty day moving average price is $4.10 and its 200 day moving average price is $6.13. Frontier Group Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $10.26.

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 company 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 business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. Equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Howard Diamond sold 87,830 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now owns 175,886 shares of the company's stock, valued at $1,542,520.22. This represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alexandre Clerc sold 15,152 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the transaction, 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 position. The disclosure for this sale can be found here. 48.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.