Frontier Group (NASDAQ:ULCC) CEO Barry Biffle Sells 17,373 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 17,373 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $6.01, for a total transaction of $104,411.73. Following the completion of the transaction, the chief executive officer owned 714,463 shares in the company, valued at approximately $4,293,922.63. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, December 11th, Barry Biffle sold 82,627 shares of Frontier Group stock. The stock was sold at an average price of $5.78, for a total transaction of $477,584.06.
• On Monday, December 8th, Barry Biffle sold 100,000 shares of Frontier Group stock. The stock was sold at an average price of $5.54, for a total transaction 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 Performance

Shares of ULCC opened at $5.74 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. The firm has a market cap of $1.31 billion, a PE ratio of -9.41 and a beta of 2.55. Frontier Group Holdings, Inc. has a 1 year low of $2.89 and a 1 year high of $10.26. The stock’s fifty day moving average price is $4.31 and its two-hundred day moving average price is $4.32.

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

Analyst Ratings Changes

ULCC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group restated a “neutral” rating and issued a $6.00 target price (up previously from $4.00) on shares of Frontier Group in a research note on Friday. Morgan Stanley reduced their target price on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Susquehanna increased their price target on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research note on Monday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.25.

Institutional Trading of Frontier Group

Several institutional investors and hedge funds have recently modified their holdings of the business. U S Global Investors Inc. grew its holdings in shares of Frontier Group by 59.2% during the second quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock worth $22,524,000 after purchasing an additional 2,306,248 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Frontier Group during the second quarter valued at approximately $5,387,000. Jump Financial LLC purchased a new position in Frontier Group in the 2nd quarter worth approximately $4,190,000. Silver Point Capital L.P. bought a new position in shares of Frontier Group in the 1st quarter worth $3,906,000. Finally, Bank of America Corp DE raised 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 buying an additional 852,798 shares in the last quarter.

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.