Insider Selling: Frontier Group (NASDAQ:ULCC) CEO Sells $104,411.73 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle sold 17,373 shares of Frontier Group stock in a transaction on 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. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $477,584.06.
• 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 Performance

NASDAQ ULCC opened at $5.74 on Monday. The firm has a market capitalization of $1.31 billion, a P/E 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 company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. The business’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.32.

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

Wall Street Analysts Forecast Growth

ULCC has been the topic of several recent research reports. Susquehanna lifted their target price on shares of Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research report on Monday, December 8th. Citigroup initiated coverage on Frontier Group in a report on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price on the stock. Finally, UBS Group reissued a “neutral” rating and set a $6.00 price target (up from $4.00) on shares of Frontier Group in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Frontier Group currently has an average rating of “Hold” and a consensus target price of $6.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Frontier Group by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after purchasing an additional 251,509 shares during the last quarter. Petrus Trust Company LTA bought a new stake in Frontier Group in the first quarter valued at about $219,000. American Century Companies Inc. raised its stake in Frontier Group by 1,353.6% during the first quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock valued at $3,363,000 after buying an additional 721,674 shares in the last quarter. Invesco Ltd. lifted its holdings in Frontier Group by 15.8% during the 1st quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock worth $350,000 after buying an additional 11,009 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Frontier Group by 24.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock valued at $7,481,000 after acquiring an additional 410,392 shares during 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.