Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Alexandre Clerc sold 3,068 shares of Frontier Group stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $8.17, for a total value of $25,065.56. Following the transaction, the senior vice president owned 37,488 shares of the company’s stock, valued at $306,276.96. The trade was a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Alexandre Clerc also recently made the following trade(s):
- 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 value of $50,922.46.
- On Tuesday, June 2nd, Alexandre Clerc sold 5,060 shares of Frontier Group stock. The shares were sold at an average price of $5.93, for a total transaction of $30,005.80.
Frontier Group Stock Down 4.7%
ULCC stock opened at $7.58 on Friday. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.40. The firm has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $5.27. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $1.75 billion, a P/E ratio of -4.51 and a beta of 2.59.
Frontier Group News Summary
Here are the key news stories impacting Frontier Group this week:
- Positive Sentiment: Frontier Group’s latest quarterly results were substantially better than expected: adjusted EPS was a loss of $0.10 versus the $0.47 loss analysts anticipated, while revenue of $1.28 billion exceeded estimates by approximately $60 million and increased 37.7% year over year. Management’s guidance also points to a potential return to profitability in the fourth quarter. Frontier Group insider trading and financial results article
- Positive Sentiment: Zacks highlighted ULCC as a strong momentum candidate, citing recent price performance and valuation that may still appear reasonable to momentum-oriented investors. Shares have increased significantly from their 52-week low of $3.02. Zacks Frontier Group momentum article
- Positive Sentiment: Several institutional investors expanded their positions, including U.S. Global Investors, Bank of America and HRT Financial, while Balyasny Asset Management and Mountaineer Partners initiated stakes. This suggests some professional investors see improving prospects for the airline. Institutional ownership and Frontier Group article
- Neutral Sentiment: Analyst views remain mixed. Zacks Research upgraded ULCC to “strong buy,” but the broader consensus is “Reduce,” with an average price target of $6.86—below recent trading levels. Frontier Group analyst ratings article
- Negative Sentiment: Multiple executives sold a combined 321,540 shares for roughly $2.6 million. CFO Mark Christopher Mitchell sold 125,000 shares, reducing his position by nearly 70%, while the vice president sold 167,277 shares. Additional sales by executives further reinforce near-term insider-selling pressure, although the transactions may reflect personal portfolio decisions. Frontier Group executive stock sale filing
Hedge Funds Weigh In On Frontier Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontier Group in the 3rd quarter worth $27,000. Atlas Wealth LLC acquired a new position in shares of Frontier Group during the 1st quarter valued at about $33,000. Quarry LP purchased a new stake in shares of Frontier Group in the fourth quarter valued at about $34,000. Brooklyn Investment Group grew its holdings in shares of Frontier Group by 490.7% in the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after purchasing an additional 9,078 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Frontier Group during the first quarter worth about $60,000.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ULCC. Citigroup lifted their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Barclays boosted their price target on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Finally, UBS Group increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $6.86.
Check Out Our Latest Report on Frontier Group
Frontier Group Company Profile
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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