Frontier Group Holdings, Inc. (NASDAQ:ULCC) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. reduced its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,367,750 shares of the company’s stock after selling 2,197,204 shares during the quarter. Frontier Group accounts for approximately 3.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 5th biggest holding. U S Global Investors Inc. owned approximately 2.38% of Frontier Group worth $38,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd acquired a new position in Frontier Group during the fourth quarter worth $32,000. Nisa Investment Advisors LLC increased its stake in shares of Frontier Group by 1,230.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock worth $57,000 after purchasing an additional 7,380 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Frontier Group during the 3rd quarter worth about $54,000. Ballentine Partners LLC purchased a new position in Frontier Group in the 3rd quarter valued at about $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Frontier Group by 251.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after buying an additional 8,507 shares during the last quarter.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 273,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.44, for a total transaction of $2,304,120.00. Following the sale, the chief executive officer now directly owns 816,817 shares in the company, valued at $6,893,935.48. This represents a 25.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the transaction, the senior vice president now directly owns 47,590 shares of the company’s stock, valued at approximately $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 875,830 shares of company stock valued at $6,984,339. Company insiders own 81.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their target price on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday. UBS Group lifted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Barclays boosted their price target on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Susquehanna increased their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and a consensus target price of $7.74.

Frontier Group Stock Down 1.7 %

Shares of NASDAQ ULCC opened at $7.40 on Friday. The company has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $6.26. The company has a market capitalization of $1.68 billion, a P/E ratio of 20.56 and a beta of 2.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $10.26.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. On average, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

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.