Frontier Group (NASDAQ:ULCC) SVP Alexandre Clerc Sells 3,480 Shares of Stock

Key Points

• Frontier Group SVP Alexandre Clerc sold 3,480 shares at an average price of $5.71, generating $19,870.80. Following the transaction, Clerc owned 34,008 shares, a 9.28% reduction in holdings.
• ULCC shares recently traded at $5.65, with the stock ranging from $3.02 to $8.40 over the past year. Frontier reported quarterly revenue of $1.28 billion and an adjusted loss of $0.10 per share, beating analyst expectations.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and three rate it Sell, producing a consensus rating of “Reduce” and an average price target of $6.86.

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) SVP Alexandre Clerc sold 3,480 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $5.71, for a total value of $19,870.80. Following the completion of the sale, the senior vice president owned 34,008 shares in the company, valued at approximately $194,185.68. The trade was a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandre Clerc also recently made the following trade(s):

• On Tuesday, August 4th, Alexandre Clerc sold 3,068 shares of Frontier Group stock. The stock was sold at an average price of $8.17, for a total value of $25,065.56.
• On Friday, July 31st, Alexandre Clerc sold 7,142 shares of Frontier Group stock. The shares were sold at an average price of $7.13, for a total value of $50,922.46.

Frontier Group Stock Performance

Shares of ULCC traded down $0.08 during trading hours on Wednesday, hitting $5.65. The company's stock had a trading volume of 2,698,423 shares, compared to its average volume of 4,418,880. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -3.36 and a beta of 2.57. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The business has a 50 day simple moving average of $6.54 and a two-hundred day simple moving average of $5.39. Frontier Group Holdings, Inc. has a 52-week low of $3.02 and a 52-week high of $8.40.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.37. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. Frontier Group's revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. 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. On average, equities analysts expect that Frontier Group Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontier Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Frontier Group in the 2nd quarter valued at about $28,000. Allworth Financial LP bought a new stake in Frontier Group in the second quarter valued at approximately $43,000. Legal & General Group Plc bought a new stake in Frontier Group in the second quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group during the third quarter valued at approximately $27,000. Finally, Quarry LP purchased a new stake in shares of Frontier Group during the fourth quarter valued at approximately $34,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ULCC. UBS Group raised their target price on Frontier Group from $4.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 23rd. Citigroup increased their price target on shares of Frontier Group from $5.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Barclays raised their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Frontier Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 21st. Finally, Weiss Ratings cut shares of Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Frontier Group currently has a consensus rating of "Reduce" and an average target price of $6.86.

About Frontier Group

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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