Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Alexandre Clerc sold 3,480 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $5.71, for a total transaction of $19,870.80. Following the completion of the transaction, the senior vice president owned 34,008 shares of the company’s stock, valued at $194,185.68. This represents a 9.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Alexandre Clerc also recently made the following trade(s):
- On Tuesday, August 4th, Alexandre Clerc sold 3,068 shares of Frontier Group stock. The shares were sold at an average price of $8.17, for a total transaction of $25,065.56.
- On Friday, July 31st, Alexandre Clerc sold 7,142 shares of Frontier Group stock. The stock was sold at an average price of $7.13, for a total transaction of $50,922.46.
Frontier Group Trading Down 2.1%
Shares of NASDAQ:ULCC opened at $5.53 on Friday. The company has a 50 day moving average of $6.45 and a 200-day moving average of $5.40. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. The firm has a market cap of $1.27 billion, a P/E ratio of -3.29 and a beta of 2.57. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40.
Analyst Upgrades and Downgrades
ULCC has been the topic of a number of research reports. Barclays boosted their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Citigroup boosted their price target on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. UBS Group upped their price target on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Finally, Susquehanna raised their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $6.86.
Check Out Our Latest Stock Report on Frontier Group
Institutional Trading of Frontier Group
Several institutional investors and hedge funds have recently bought and sold shares of ULCC. U S Global Investors Inc. lifted its stake in Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after buying an additional 2,643,448 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Frontier Group in the second quarter worth approximately $47,205,000. Dimensional Fund Advisors LP increased its position in shares of Frontier Group by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after acquiring an additional 209,154 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Frontier Group by 39.2% during the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after acquiring an additional 852,798 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Frontier Group by 48.4% during the third quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock valued at $9,723,000 after acquiring an additional 718,147 shares during the period.
About Frontier Group
Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.
Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.
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