Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 41.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,828 shares of the company’s stock after purchasing an additional 3,744 shares during the quarter. Blue Trust Inc.’s holdings in Frontier Group were worth $63,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ULCC. nVerses Capital LLC lifted its holdings in shares of Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock valued at $50,000 after purchasing an additional 6,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Frontier Group during the 2nd quarter worth approximately $58,000. Arizona State Retirement System raised its position in shares of Frontier Group by 29.0% during the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after purchasing an additional 3,521 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Frontier Group by 27.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company’s stock valued at $98,000 after buying an additional 4,279 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in Frontier Group by 17.6% during the 2nd quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock valued at $146,000 after buying an additional 4,428 shares during the last quarter.

Frontier Group Price Performance

ULCC opened at $6.08 on Friday. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. The company’s 50 day simple moving average is $5.05 and its 200 day simple moving average is $4.99. The stock has a market capitalization of $1.36 billion, a PE ratio of -152.00 and a beta of 2.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52.

Frontier Group (NASDAQ:ULCC) last announced its quarterly 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 company had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) EPS. As a group, sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.06 EPS for the current year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 81.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ULCC. Citigroup boosted their price target on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Bank of America cut their target price on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Raymond James upgraded shares of Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Evercore ISI boosted their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Frontier Group has a consensus rating of “Hold” and an average target price of $6.12.

Frontier Group 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.