Schonfeld Strategic Advisors LLC Decreases Stock Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Schonfeld Strategic Advisors LLC trimmed its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,891,351 shares of the company's stock after selling 176,821 shares during the period. Schonfeld Strategic Advisors LLC owned 0.84% of Frontier Group worth $13,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Frontier Group in the 4th quarter valued at $32,000. KLP Kapitalforvaltning AS bought a new position in shares of Frontier Group in the fourth quarter worth $50,000. Nisa Investment Advisors LLC raised its stake in Frontier Group by 1,230.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after purchasing an additional 7,380 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Frontier Group during the 4th quarter worth approximately $96,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Frontier Group in the 4th quarter valued at $96,000.

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 15,152 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Howard Diamond sold 87,830 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the transaction, the executive vice president now owns 175,886 shares in the company, valued at $1,542,520.22. The trade was a 33.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULCC shares. Susquehanna dropped their price target on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Barclays dropped their price target on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley boosted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, UBS Group lowered their price objective on Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $6.11.

Frontier Group Price Performance

Shares of ULCC stock traded up $0.26 during trading hours on Monday, hitting $3.62. 2,590,301 shares of the company's stock were exchanged, compared to its average volume of 3,628,829. The company has a market capitalization of $823.05 million, a PE ratio of 10.04 and a beta of 2.52. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The business's 50 day simple moving average is $4.67 and its 200-day simple moving average is $6.33. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (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 analysts' expectations of $996.05 million. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Frontier Group's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. On average, equities research analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

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.