114,905 Shares in Frontier Group Holdings, Inc. (NASDAQ:ULCC) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCCFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,905 shares of the company’s stock, valued at approximately $556,000. Quantbot Technologies LP owned 0.05% of Frontier Group at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC acquired a new stake in Frontier Group in the third quarter valued at approximately $28,000. CWM LLC lifted its position in shares of Frontier Group by 1,705.7% in the third quarter. CWM LLC now owns 6,627 shares of the company’s stock valued at $32,000 after acquiring an additional 6,260 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Frontier Group by 45.7% in the third quarter. Royal Bank of Canada now owns 3,387 shares of the company’s stock valued at $32,000 after acquiring an additional 1,062 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Frontier Group in the third quarter valued at approximately $58,000. Finally, State of Wyoming lifted its position in shares of Frontier Group by 27.9% in the second quarter. State of Wyoming now owns 6,655 shares of the company’s stock valued at $64,000 after acquiring an additional 1,452 shares in the last quarter.

Insider Buying and Selling

In related news, President James G. Dempsey sold 245,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $3.99, for a total transaction of $977,550.00. Following the completion of the transaction, the president now directly owns 583,462 shares of the company’s stock, valued at approximately $2,328,013.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Frontier Group news, President James G. Dempsey sold 245,000 shares of Frontier Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $3.99, for a total transaction of $977,550.00. Following the completion of the sale, the president now directly owns 583,462 shares of the company’s stock, valued at approximately $2,328,013.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President James G. Dempsey sold 240,000 shares of Frontier Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $3.90, for a total value of $936,000.00. Following the sale, the president now directly owns 347,507 shares of the company’s stock, valued at $1,355,277.30. The disclosure for this sale can be found here. Insiders sold 590,250 shares of company stock valued at $2,327,075 in the last three months. 83.20% of the stock is owned by corporate insiders.

Frontier Group Trading Up 20.8 %

ULCC opened at $6.22 on Wednesday. Frontier Group Holdings, Inc. has a 12 month low of $3.19 and a 12 month high of $14.03. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 21.45 and a beta of 2.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.55 and a quick ratio of 0.51. The business has a fifty day moving average price of $5.02 and a 200 day moving average price of $5.35.

Wall Street Analyst Weigh In

ULCC has been the topic of several research reports. Citigroup raised their target price on Frontier Group from $3.75 to $4.10 and gave the company a “neutral” rating in a research report on Monday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $7.50 to $5.00 in a research report on Friday, October 27th. Raymond James reduced their price objective on Frontier Group from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective (down previously from $10.00) on shares of Frontier Group in a research report on Monday, January 8th. Finally, Susquehanna reduced their price objective on Frontier Group from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and a consensus price target of $8.43.

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Frontier Group Profile

(Free Report)

Frontier Group Holdings, Inc, a low-fare airline company, provides air transportation for passengers in United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center. Frontier Group Holdings, Inc was incorporated in 2013 and is headquartered in Denver, Colorado.

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Institutional Ownership by Quarter for Frontier Group (NASDAQ:ULCC)

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