SG Americas Securities LLC Has $263,000 Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

SG Americas Securities LLC lowered its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 63.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,220 shares of the company’s stock after selling 84,470 shares during the quarter. SG Americas Securities LLC’s holdings in Frontier Group were worth $263,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in Frontier Group in the second quarter valued at $45,000. nVerses Capital LLC raised its position in shares of Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock valued at $50,000 after purchasing an additional 6,100 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in shares of Frontier Group in the second quarter valued at about $58,000. Arizona State Retirement System raised its position in shares of Frontier Group by 29.0% in the second quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock valued at $77,000 after purchasing an additional 3,521 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Frontier Group by 27.3% in the second quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company’s stock valued at $98,000 after purchasing an additional 4,279 shares during the period.

Insiders Place Their Bets

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 81.50% of the company’s stock.

Frontier Group Trading Up 10.1 %

Shares of Frontier Group stock opened at $6.99 on Monday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -24.10 and a beta of 2.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.33. The firm’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.98.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $973.00 million for the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, analysts forecast that Frontier Group Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of Frontier Group from $3.00 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Bank of America dropped their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Citigroup increased their price objective on shares of Frontier Group from $3.50 to $4.70 and gave the company a “neutral” rating in a research report on Monday, September 16th. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.77.

Frontier Group 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.