Wealth Enhancement Advisory Services LLC Has $57,000 Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Wealth Enhancement Advisory Services LLC reduced its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 37.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,738 shares of the company’s stock after selling 6,371 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Frontier Group were worth $57,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Frontier Group by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after purchasing an additional 109,418 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Frontier Group by 23.3% during the 1st quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock worth $204,000 after purchasing an additional 4,756 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Frontier Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company’s stock worth $33,384,000 after purchasing an additional 60,943 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Frontier Group during the 1st quarter worth about $345,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Frontier Group by 11.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after purchasing an additional 2,746 shares during the last quarter.

Frontier Group Price Performance

ULCC stock opened at $6.55 on Thursday. The company has a 50 day simple moving average of $5.49 and a 200 day simple moving average of $4.94. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. During the same period last year, the company posted ($0.14) EPS. Frontier Group’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Frontier Group Holdings, Inc. will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 34,035 shares in the company, valued at approximately $204,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 81.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their target price 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Bank of America reduced their target price on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, Barclays lifted their target price on shares of Frontier Group from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One 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 data from MarketBeat, Frontier Group currently has an average rating of “Hold” and an average price target of $6.22.

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.