Frontier Group (NASDAQ:ULCC) EVP Howard Diamond Sells 24,195 Shares

Key Points

• Frontier Group EVP Howard Diamond sold 24,195 shares at an average price of $8.25, generating $199,608.75. His remaining direct ownership fell to 133,126 shares, a 15.38% reduction.
• ULCC shares declined 4.7% to $7.58, despite the company reporting better-than-expected quarterly results: a loss of $0.10 per share versus the $0.47 consensus estimate and revenue growth of 37.7% year over year to $1.28 billion.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $6.86; ratings include one Strong Buy, five Holds and three Sells.

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) EVP Howard Diamond sold 24,195 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $8.25, for a total value of $199,608.75. Following the completion of the sale, the executive vice president directly owned 133,126 shares in the company, valued at $1,098,289.50. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Frontier Group Stock Down 4.7%

Shares of NASDAQ:ULCC traded down $0.37 on Thursday, hitting $7.58. 3,339,390 shares of the company traded hands, compared to its average volume of 4,728,884. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.40. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock has a 50 day simple moving average of $6.73 and a 200-day simple moving average of $5.25. The company has a market cap of $1.75 billion, a PE ratio of -4.51 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business posted ($0.31) EPS. Frontier Group's revenue was up 37.7% compared to the same quarter last year. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, research analysts expect that Frontier Group Holdings, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

ULCC has been the topic of several analyst reports. Citigroup upped their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Frontier Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Wall Street Zen raised Frontier Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 21st. Susquehanna increased their target price on Frontier Group from $4.50 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $6.86.

Institutional Trading of Frontier Group

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in Frontier Group by 4.5% during the fourth quarter. SG Americas Securities LLC now owns 115,962 shares of the company's stock valued at $546,000 after purchasing an additional 4,995 shares during the period. Straightline Group LLC raised its stake in shares of Frontier Group by 9.5% in the fourth quarter. Straightline Group LLC now owns 60,586 shares of the company's stock worth $285,000 after buying an additional 5,232 shares during the period. AQR Capital Management LLC lifted its position in shares of Frontier Group by 46.0% during the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company's stock valued at $81,000 after buying an additional 5,913 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontier Group during the 3rd quarter valued at about $27,000. Finally, Victory Capital Management Inc. grew its stake in shares of Frontier Group by 9.5% during the 3rd quarter. Victory Capital Management Inc. now owns 70,382 shares of the company's stock valued at $311,000 after acquiring an additional 6,108 shares during the period.

Frontier Group Company Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.

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