The Manufacturers Life Insurance Company Has $98,000 Stock Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

The Manufacturers Life Insurance Company increased its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 27.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,970 shares of the company’s stock after acquiring an additional 4,279 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Frontier Group were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ULCC. Norden Group LLC bought a new stake in shares of Frontier Group in the 1st quarter valued at $293,000. Capstone Investment Advisors LLC bought a new stake in Frontier Group during the first quarter valued at $350,000. Susquehanna Fundamental Investments LLC acquired a new stake in Frontier Group during the 1st quarter worth about $494,000. Russell Investments Group Ltd. raised its position in shares of Frontier Group by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after acquiring an additional 109,418 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Frontier Group by 23.3% in the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock valued at $204,000 after purchasing an additional 4,756 shares during the period.

Insider Buying and Selling at Frontier Group

In other 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 value of $60,000.00. Following the completion of the sale, the senior vice president now 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 81.50% of the company’s stock.

Frontier Group Stock Up 10.1 %

Shares of NASDAQ ULCC opened at $6.99 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. The stock has a market capitalization of $1.57 billion, a P/E ratio of -24.10 and a beta of 2.55. The company has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.98.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ULCC shares. Bank of America decreased their target price on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. TD Cowen boosted their target price on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Evercore ISI raised their price target on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna upped their price objective on shares of Frontier Group from $3.00 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.77.

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.