Barry Biffle Sells 273,000 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 273,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the sale, the chief executive officer now owns 816,817 shares of the company’s stock, valued at $6,893,935.48. The trade was a 25.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Barry Biffle also recently made the following trade(s):

• On Wednesday, January 15th, Barry Biffle sold 160,000 shares of Frontier Group stock. The stock was sold at an average price of $8.38, for a total value of $1,340,800.00.
• On Monday, January 6th, Barry Biffle sold 160,000 shares of Frontier Group stock. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00.
• On Monday, December 23rd, Barry Biffle sold 160,000 shares of Frontier Group stock. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00.

Frontier Group Trading Up 3.9 %

NASDAQ ULCC opened at $8.58 on Monday. The firm has a market capitalization of $1.93 billion, a PE ratio of -214.45 and a beta of 2.32. The business’s 50-day moving average price is $6.74 and its two-hundred day moving average price is $5.35. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $8.74.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the previous year, the firm earned ($0.14) EPS. Frontier Group’s revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that Frontier Group Holdings, Inc. will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Frontier Group

Large investors have recently modified their holdings of the company. AlTi Global Inc. acquired a new position in Frontier Group in the second quarter valued at $21,222,000. U S Global Investors Inc. lifted its stake in shares of Frontier Group by 71.4% in the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock valued at $40,473,000 after purchasing an additional 3,150,768 shares during the period. Verition Fund Management LLC boosted its position in shares of Frontier Group by 235.7% during the 3rd quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock valued at $3,457,000 after purchasing an additional 453,736 shares in the last quarter. Geode Capital Management LLC grew its stake in Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after purchasing an additional 441,001 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Frontier Group by 81.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock worth $3,205,000 after purchasing an additional 269,221 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ULCC. Evercore ISI raised their price target on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna raised their target price on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup raised their price objective on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their target price on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Frontier Group currently has a consensus rating of “Hold” and a consensus target price of $6.96.

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.