Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) Director Josh T. Connor sold 30,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now directly owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Frontier Group Stock Down 1.3 %
Shares of ULCC opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -148.25 and a beta of 2.43. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. The business's 50 day simple moving average is $6.03 and its 200-day simple moving average is $4.93.
Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analysts' expectations of $943.30 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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A number of research firms have weighed in on ULCC. Citigroup upped their price target on shares of Frontier Group from $4.70 to $7.15 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. TD Cowen increased their price target on Frontier Group from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Monday, September 16th. Raymond James upgraded Frontier Group from an "underperform" rating to a "market perform" rating in a research report on Monday, September 30th. UBS Group started coverage on Frontier Group in a research note on Tuesday, November 26th. They issued a "neutral" rating and a $6.00 price objective for the company. Finally, Barclays lifted their target price on Frontier Group from $7.00 to $10.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.32.
Read Our Latest Stock Analysis on ULCC
Institutional Investors Weigh In On Frontier Group
Several institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC raised its holdings in Frontier Group by 9.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company's stock valued at $1,910,000 after buying an additional 31,559 shares during the period. Virtu Financial LLC bought a new position in Frontier Group during the third quarter valued at $145,000. Barclays PLC raised its stake in shares of Frontier Group by 378.6% in the third quarter. Barclays PLC now owns 72,866 shares of the company's stock valued at $389,000 after acquiring an additional 57,642 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Frontier Group by 38.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company's stock worth $8,512,000 after acquiring an additional 441,001 shares during the last quarter. Finally, MCIA Inc boosted its stake in shares of Frontier Group by 11.2% during the 3rd quarter. MCIA Inc now owns 163,992 shares of the company's stock worth $877,000 after purchasing an additional 16,577 shares during the period.
About Frontier Group
(
Get Free Report)
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.
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