Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc Sells 12,000 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $3.89, for a total transaction of $46,680.00. Following the completion of the sale, the senior vice president now owns 11,912 shares in the company, valued at $46,337.68. This represents a 50.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alexandre Clerc also recently made the following trade(s):

• On Friday, March 7th, Alexandre Clerc sold 15,152 shares of Frontier Group stock. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $3.96 on Thursday. Frontier Group Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $10.26. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $901.95 million, a PE ratio of 11.00 and a beta of 2.67. The firm has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $5.92.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.03. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $996.05 million. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, sell-side analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ULCC. Citigroup cut their target price on shares of Frontier Group from $7.25 to $4.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. UBS Group cut their target price on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Susquehanna cut their target price on shares of Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Barclays cut their price target on shares of Frontier Group from $14.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.00.

Institutional Investors Weigh In On Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its position in shares of Frontier Group by 54.4% during the fourth quarter. Legal & General Group Plc now owns 49,832 shares of the company’s stock worth $354,000 after acquiring an additional 17,558 shares in the last quarter. Barclays PLC boosted its holdings in Frontier Group by 12.1% during the fourth quarter. Barclays PLC now owns 81,710 shares of the company’s stock worth $581,000 after purchasing an additional 8,844 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Frontier Group by 210.4% during the fourth 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. Vanguard Group Inc. boosted its holdings in Frontier Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock worth $58,207,000 after purchasing an additional 26,682 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Frontier Group during the fourth quarter worth about $379,000.

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.