NASDAQ:ULCC - Free Report ) by 215.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,874 shares of the company's stock after acquiring an additional 679,075 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.45% of Frontier Group worth $5,432,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds also recently bought and sold shares of ULCC. U S Global Investors Inc. lifted its holdings in shares of Frontier Group by 46.0% during the 4th quarter. U S Global Investors Inc. now owns 10,483,645 shares of the company's stock valued at $57,241,000 after buying an additional 3,305,465 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Frontier Group by 20.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,821,012 shares of the company's stock worth $18,494,000 after purchasing an additional 636,921 shares during the last quarter. Jump Financial LLC acquired a new stake in Frontier Group in the 3rd quarter worth approximately $1,867,000. Boston Partners lifted its holdings in Frontier Group by 65.5% in the 3rd quarter. Boston Partners now owns 184,559 shares of the company's stock worth $893,000 after purchasing an additional 73,024 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Frontier Group by 29.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,166 shares of the company's stock worth $2,106,000 after purchasing an additional 98,852 shares during the last quarter.
Frontier Group Stock Down 0.7 % Shares of ULCC traded down $0.04 during trading hours on Friday, hitting $5.89. 992,995 shares of the stock traded hands, compared to its average volume of 1,638,438. The business has a fifty day moving average of $7.00 and a 200-day moving average of $5.76. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. Frontier Group Holdings, Inc. has a 1-year low of $3.19 and a 1-year high of $10.57.
Frontier Group (NASDAQ:ULCC - Get Free Report ) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. The business had revenue of $865.00 million during the quarter, compared to the consensus estimate of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Equities research analysts expect that Frontier Group Holdings, Inc. will post 0.43 earnings per share for the current year.
Analyst Ratings Changes Several research firms have recently weighed in on ULCC. TD Cowen reduced their price objective on Frontier Group from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Friday, May 3rd. Barclays upped their price target on Frontier Group from $7.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. UBS Group started coverage on Frontier Group in a report on Wednesday, March 20th. They set a "neutral" rating and a $8.00 price objective for the company. Susquehanna upped their target price on shares of Frontier Group from $5.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Finally, Evercore ISI boosted their price target on shares of Frontier Group from $7.00 to $8.50 and gave the company an "in-line" rating in a research report on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Frontier Group currently has an average rating of "Hold" and an average target price of $7.28.
Check Out Our Latest Analysis on ULCC
Insider Activity at Frontier Group In other Frontier Group news, CEO Barry Biffle sold 151,620 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total value of $1,170,506.40. Following the completion of the sale, the chief executive officer now directly owns 772,981 shares in the company, valued at $5,967,413.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 81.50% of the stock is currently owned by corporate insiders.
Frontier Group Profile (
Free Report )
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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