Quadrant Capital Group LLC Raises Stock Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Quadrant Capital Group LLC boosted its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 91.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,936 shares of the company’s stock after acquiring an additional 8,067 shares during the quarter. Quadrant Capital Group LLC’s holdings in Frontier Group were worth $92,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ULCC. Signaturefd LLC bought a new position in shares of Frontier Group in the third quarter worth about $28,000. PNC Financial Services Group Inc. boosted its position in Frontier Group by 632.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,768 shares of the company’s stock valued at $28,000 after buying an additional 4,980 shares during the period. NBC Securities Inc. bought a new position in Frontier Group in the 3rd quarter worth about $58,000. Private Advisor Group LLC purchased a new position in shares of Frontier Group during the fourth quarter worth approximately $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Frontier Group by 200.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock valued at $64,000 after purchasing an additional 7,782 shares during the period.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $5.71 on Friday. Frontier Group Holdings, Inc. has a 52 week low of $3.19 and a 52 week high of $10.57. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $6.65 and a 200-day simple moving average of $5.93.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.09. The company had revenue of $865.00 million during the quarter, compared to analyst estimates of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. Equities research analysts predict that Frontier Group Holdings, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In other news, CEO Barry Biffle sold 151,620 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total transaction of $1,170,506.40. Following the completion of the transaction, the chief executive officer now directly owns 772,981 shares of the company’s stock, valued at $5,967,413.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. 81.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ULCC shares. Evercore ISI lifted their target price on Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a research report on Thursday, April 4th. TD Cowen dropped their target price on shares of Frontier Group from $8.00 to $6.50 and set a “hold” rating on the stock in a report on Friday, May 3rd. Susquehanna upped their price target on shares of Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Barclays lifted their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, UBS Group began coverage on Frontier Group in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.28.

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.