Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lowered its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,891,351 shares of the company's stock after selling 176,821 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.84% of Frontier Group worth $13,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Frontier Group in the fourth quarter valued at $32,000. KLP Kapitalforvaltning AS purchased a new stake in Frontier Group in the 4th quarter worth about $50,000. Nisa Investment Advisors LLC raised its stake in Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after acquiring an additional 7,380 shares during the period. Aigen Investment Management LP purchased a new stake in Frontier Group during the fourth quarter valued at about $96,000. Finally, SBI Securities Co. Ltd. bought a new position in Frontier Group during the fourth quarter worth about $96,000.

Insider Activity

In other news, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares of the company's stock, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alexandre Clerc sold 15,152 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America cut their price objective on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. UBS Group reduced their price target on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Citigroup lowered their price objective on Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Susquehanna decreased their target price on Frontier Group from $9.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.11.

Frontier Group Stock Performance

Shares of ULCC traded up $0.25 on Friday, reaching $3.36. The company's stock had a trading volume of 6,901,336 shares, compared to its average volume of 2,618,614. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $10.26. The stock's 50 day simple moving average is $4.67 and its two-hundred day simple moving average is $6.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $764.99 million, a P/E ratio of 9.33 and a beta of 2.52.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.03. The firm had revenue of $912.00 million during the quarter, compared to analysts' expectations of $996.05 million. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. Research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Frontier Group Company 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.