Nisa Investment Advisors LLC Has $57,000 Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Nisa Investment Advisors LLC lifted its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 1,230.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,980 shares of the company’s stock after buying an additional 7,380 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Frontier Group were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in Frontier Group in the third quarter worth $54,000. Ballentine Partners LLC acquired a new stake in shares of Frontier Group in the 3rd quarter valued at about $55,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Frontier Group by 251.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after buying an additional 8,507 shares in the last quarter. Blue Trust Inc. raised its stake in Frontier Group by 41.2% during the 3rd quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock worth $63,000 after buying an additional 3,744 shares during the period. Finally, IHT Wealth Management LLC bought a new position in Frontier Group in the third quarter worth approximately $71,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ULCC. UBS Group upped their target price on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Susquehanna upped their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Citigroup lifted their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley lowered their target price on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $6.00 to $8.00 in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Frontier Group presently has an average rating of “Hold” and an average target price of $6.96.

Frontier Group Stock Performance

ULCC stock opened at $8.43 on Friday. The business has a 50 day moving average of $7.19 and a 200-day moving average of $5.62. The firm has a market cap of $1.90 billion, a PE ratio of -210.70 and a beta of 2.32. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.85. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $943.30 million. Frontier Group’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. As a group, sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the transaction, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This represents a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barry Biffle sold 273,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $8.44, for a total value of $2,304,120.00. Following the completion of the sale, the chief executive officer now owns 816,817 shares in the company, valued at $6,893,935.48. This represents a 25.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 788,000 shares of company stock worth $6,214,070. 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.