Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Sells $1,260,800.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 160,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00. Following the transaction, the chief executive officer now directly owns 1,024,817 shares in the company, valued at $8,075,557.96. This trade represents a 13.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 Stock Down 1.9 %

Shares of NASDAQ:ULCC opened at $8.16 on Friday. The firm has a market capitalization of $1.84 billion, a P/E ratio of -203.95 and a beta of 2.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a 50 day moving average price of $6.49 and a 200-day moving average price of $5.20. Frontier Group Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $8.41.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same period last year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Frontier Group Holdings, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ULCC. Victory Capital Management Inc. purchased a new stake in Frontier Group in the third quarter worth about $54,000. Ballentine Partners LLC bought a new stake in shares of Frontier Group in the 3rd quarter worth approximately $55,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontier Group in the 2nd quarter worth approximately $58,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Frontier Group by 251.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after buying an additional 8,507 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Frontier Group by 41.2% during the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after buying an additional 3,744 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ULCC shares. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research note on Monday, September 30th. Citigroup raised their price target on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Bank of America lowered their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, UBS Group upped their price target on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.96.

About Frontier Group

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.