Frontier Group (NASDAQ:ULCC) CEO Barry Biffle Sells 82,627 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 82,627 shares of Frontier Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $477,584.06. Following the completion of the sale, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at approximately $3,652,012.08. This trade represents a 11.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Barry Biffle also recently made the following trade(s):

• On Wednesday, December 10th, Barry Biffle sold 17,373 shares of Frontier Group stock. The shares were sold at an average price of $6.01, for a total transaction of $104,411.73.
• On Monday, December 8th, Barry Biffle sold 100,000 shares of Frontier Group stock. The shares were sold at an average price of $5.54, for a total value of $554,000.00.
• On Friday, December 5th, Barry Biffle sold 44,813 shares of Frontier Group stock. The shares were sold at an average price of $5.05, for a total value of $226,305.65.
• On Thursday, December 4th, Barry Biffle sold 55,187 shares of Frontier Group stock. The stock was sold at an average price of $5.04, for a total value of $278,142.48.

Frontier Group Stock Down 0.9%

Shares of NASDAQ:ULCC opened at $5.74 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.40. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The business’s 50 day simple moving average is $4.31 and its two-hundred day simple moving average is $4.32. The firm has a market cap of $1.31 billion, a P/E ratio of -9.41 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The company had revenue of $886.00 million for the quarter, compared to analyst estimates of $900.07 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Frontier Group’s revenue for the quarter was down 5.2% on a year-over-year basis. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. As a group, research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently modified their holdings of the business. U S Global Investors Inc. boosted its holdings in shares of Frontier Group by 59.2% in the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock worth $22,524,000 after buying an additional 2,306,248 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Frontier Group in the second quarter worth about $5,387,000. Jump Financial LLC purchased a new position in Frontier Group in the second quarter valued at about $4,190,000. Silver Point Capital L.P. bought a new position in shares of Frontier Group during the 1st quarter valued at approximately $3,906,000. Finally, Bank of America Corp DE grew its position in shares of Frontier Group by 39.2% during the 3rd 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.

Analyst Ratings Changes

A number of research firms have issued reports on ULCC. UBS Group reiterated a “neutral” rating and set a $6.00 price target (up previously from $4.00) on shares of Frontier Group in a research note on Friday. Susquehanna raised their target price on Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research report on Monday. Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a report on Thursday, September 25th. Finally, Citigroup assumed coverage on Frontier Group in a research report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.25.

About Frontier Group

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.