Frontier Group (NASDAQ:ULCC) CEO Sells $226,305.65 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 44,813 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $5.05, for a total transaction of $226,305.65. Following the completion of the transaction, the chief executive officer owned 831,836 shares of the company’s stock, valued at $4,200,771.80. This trade represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, December 8th, Barry Biffle sold 100,000 shares of Frontier Group stock. The shares were sold at an average price of $5.54, for a total value of $554,000.00.
• On Thursday, December 4th, Barry Biffle sold 55,187 shares of Frontier Group stock. The stock was sold at an average price of $5.04, for a total value of $278,142.48.

Frontier Group Price Performance

Shares of NASDAQ ULCC traded up $0.39 during trading hours on Monday, reaching $5.56. 7,307,898 shares of the stock traded hands, compared to its average volume of 3,886,369. The company’s 50-day simple moving average is $4.19 and its two-hundred day simple moving average is $4.26. The company has a market capitalization of $1.27 billion, a P/E ratio of -9.11 and a beta of 2.55. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, meeting analysts’ consensus estimates of ($0.34). The business had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ULCC. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Morgan Stanley lowered their price objective on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. Susquehanna increased their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, UBS Group raised their price target on shares of Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and an average price target of $6.13.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ULCC. Caitong International Asset Management Co. Ltd purchased a new position in Frontier Group during the 3rd quarter valued at about $27,000. Ameritas Investment Partners Inc. increased its stake in shares of Frontier Group by 130.0% during the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock valued at $31,000 after purchasing an additional 4,885 shares in the last quarter. CWM LLC lifted its holdings in shares of Frontier Group by 165.0% during the second quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after purchasing an additional 6,253 shares during the last quarter. Baron Wealth Management LLC bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $37,000. Finally, MQS Management LLC bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $37,000.

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.