53,141 Shares in Frontier Group Holdings, Inc. (NASDAQ:ULCC) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 53,141 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors also recently bought and sold shares of ULCC. Vanguard Group Inc. raised its stake in shares of Frontier Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock worth $58,207,000 after buying an additional 26,682 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Frontier Group by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company’s stock valued at $11,564,000 after purchasing an additional 35,355 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Frontier Group by 247.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company’s stock valued at $6,585,000 after purchasing an additional 659,811 shares during the last quarter. Highland Peak Capital LLC purchased a new position in shares of Frontier Group during the 4th quarter worth approximately $6,492,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Frontier Group by 210.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 804,693 shares of the company’s stock worth $5,721,000 after purchasing an additional 545,485 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup cut their price target on Frontier Group from $7.25 to $4.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Barclays cut their target price 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. Bank of America lowered their price target on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. UBS Group reduced their price objective on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley lifted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and an average target price of $6.11.

Frontier Group Price Performance

ULCC stock opened at $3.36 on Friday. The company has a market cap of $764.99 million, a PE ratio of 9.33 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 stock has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $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) last issued its 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 business 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 company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. As a group, research analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Insider Activity

In related news, EVP Howard Diamond sold 87,830 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the sale, the executive vice president now directly owns 175,886 shares in the company, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alexandre Clerc sold 15,152 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. This represents a 38.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.00% of the company’s stock.

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.