Frontier Group (NASDAQ:ULCC) CEO Barry Biffle Sells 55,187 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 55,187 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $5.04, for a total value of $278,142.48. Following the completion of the transaction, the chief executive officer owned 876,649 shares in the company, valued at approximately $4,418,310.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.

Frontier Group Stock Performance

NASDAQ:ULCC traded up $0.39 during mid-day trading on Monday, reaching $5.56. 7,307,898 shares of the stock were exchanged, compared to its average volume of 3,886,369. The stock has a market capitalization of $1.27 billion, a P/E ratio of -9.11 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 company has a 50 day simple moving average of $4.19 and a 200-day simple moving average of $4.26. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.34) earnings per share for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $900.07 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The firm’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. Analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULCC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and upped their target price for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. Citigroup started coverage on Frontier Group in a research note on Thursday. They set a “neutral” rating and a $5.00 price objective for the company. Seaport Res Ptn raised Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a report on Monday, December 1st. Finally, Morgan Stanley decreased their price target on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.13.

Institutional Trading of Frontier Group

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in Frontier Group during the third quarter worth $27,000. Ameritas Investment Partners Inc. lifted its holdings in Frontier Group by 130.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock valued at $31,000 after acquiring an additional 4,885 shares during the period. CWM LLC boosted its position in shares of Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock worth $36,000 after purchasing an additional 6,253 shares in the last quarter. Baron Wealth Management LLC acquired a new position in shares of Frontier Group during the 2nd quarter worth $37,000. Finally, MQS Management LLC purchased a new position in shares of Frontier Group in the 2nd quarter valued at about $37,000.

Frontier Group Company 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.