Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,982 shares of the company's stock after selling 295,526 shares during the quarter. Algert Global LLC owned 0.07% of Frontier Group worth $1,109,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ULCC. Vanguard Group Inc. boosted its position in shares of Frontier Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company's stock worth $58,207,000 after purchasing an additional 26,682 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Frontier Group by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company's stock valued at $11,564,000 after purchasing an additional 35,355 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Frontier Group by 247.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company's stock worth $6,585,000 after buying an additional 659,811 shares during the period. Highland Peak Capital LLC acquired a new position in Frontier Group during the fourth quarter worth about $6,492,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Frontier Group by 210.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 804,693 shares of the company's stock valued at $5,721,000 after acquiring an additional 545,485 shares during the period.

Analysts Set New Price Targets

ULCC has been the subject of several research analyst reports. Barclays dropped their price objective on Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their price target on 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 lowered their price objective on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. Finally, UBS Group lowered their price target on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.11.

Frontier Group Stock Up 4.0 %

ULCC stock opened at $3.88 on Friday. The company has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $6.22. 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 stock has a market capitalization of $883.73 million, a P/E ratio of 10.78 and a beta of 2.55. Frontier Group Holdings, Inc. has a one year low of $2.79 and a one year high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.03. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. 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 previous year, the business earned ($0.09) earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current 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 completion of the sale, the executive vice president now directly owns 175,886 shares in the company, valued at $1,542,520.22. This represents a 33.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Alexandre Clerc sold 15,152 shares of Frontier Group 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 completion of the transaction, the senior vice president now owns 23,912 shares in the company, valued at $158,536.56. The trade was a 38.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 48.00% of the company's stock.

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.

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