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

by · The Markets Daily

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) CEO Barry Biffle sold 82,627 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $5.78, for a total value 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 sale 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 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 value 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 transaction of $278,142.48.

Frontier Group Stock Down 0.9%

Shares of NASDAQ ULCC traded down $0.05 during trading on Friday, hitting $5.74. The stock had a trading volume of 7,265,495 shares, compared to its average volume of 3,922,261. The firm has a fifty day moving average of $4.28 and a two-hundred day moving average of $4.31. The company has a market capitalization of $1.31 billion, a PE ratio of -9.41 and a beta of 2.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. Frontier Group Holdings, Inc. has a 12 month low of $2.89 and a 12 month high of $10.26.

Frontier Group (NASDAQ:ULCC – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The business had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. As a group, equities 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

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Frontier Group in the 3rd quarter worth approximately $27,000. XTX Topco Ltd grew its position in shares of Frontier Group by 12.5% during the 3rd quarter. XTX Topco Ltd now owns 138,878 shares of the company’s stock valued at $613,000 after purchasing an additional 15,393 shares in the last quarter. Voleon Capital Management LP increased its holdings in shares of Frontier Group by 242.8% in the third quarter. Voleon Capital Management LP now owns 715,417 shares of the company’s stock worth $3,159,000 after purchasing an additional 506,704 shares during the period. Prentice Capital Management LP raised its position in shares of Frontier Group by 596.1% in the third quarter. Prentice Capital Management LP now owns 530,119 shares of the company’s stock worth $2,340,000 after buying an additional 453,962 shares in the last quarter. Finally, Numerai GP LLC bought a new stake in Frontier Group during the third quarter valued at $61,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULCC. Citigroup initiated coverage on Frontier Group in a report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Finally, Morgan Stanley lowered their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.25.

Get Our Latest Analysis on Frontier Group

Frontier Group Company Profile

(Get Free Report)

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.

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