Counterpoint Mutual Funds LLC Invests $317,000 in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Counterpoint Mutual Funds LLC purchased a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,631 shares of the company’s stock, valued at approximately $317,000.

A number of other hedge funds have also modified their holdings of ULCC. R Squared Ltd purchased a new position in shares of Frontier Group during the 4th quarter worth $32,000. Victory Capital Management Inc. purchased a new position in shares of Frontier Group during the 3rd quarter worth $54,000. Nisa Investment Advisors LLC grew its holdings in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock worth $57,000 after purchasing an additional 7,380 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Frontier Group by 251.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after acquiring an additional 8,507 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new position in Frontier Group during the 3rd quarter worth about $71,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group increased their target price on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays increased their target price on Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley increased their target price on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Susquehanna increased their target price on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $8.00 in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Frontier Group has a consensus rating of “Hold” and a consensus price target of $7.74.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $6.15 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. Frontier Group Holdings, Inc. has a fifty-two week low of $2.79 and a fifty-two week high of $10.26. The firm has a market capitalization of $1.40 billion, a PE ratio of 17.08 and a beta of 2.37. The stock’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $6.56.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Insider Transactions at Frontier Group

In related news, CEO Barry Biffle sold 160,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the transaction, the chief executive officer now owns 784,817 shares in the company, valued at $5,399,540.96. This trade represents a 16.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 860,982 shares of company stock valued at $6,912,597. Corporate insiders own 81.50% of the company’s stock.

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.