Frontier Group Holdings, Inc. (NASDAQ:ULCC) CEO Barry Biffle Sells 23,800 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Rating) CEO Barry Biffle sold 23,800 shares of Frontier Group stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $7.81, for a total transaction of $185,878.00. Following the sale, the chief executive officer now directly owns 601,684 shares of the company’s stock, valued at approximately $4,699,152.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Barry Biffle also recently made the following trade(s):

• On Wednesday, May 10th, Barry Biffle sold 92,700 shares of Frontier Group stock. The shares were sold at an average price of $8.02, for a total transaction of $743,454.00.
• On Monday, May 8th, Barry Biffle sold 58,000 shares of Frontier Group stock. The shares were sold at an average price of $8.05, for a total transaction of $466,900.00.
• On Monday, May 8th, Barry Biffle sold 58,000 shares of Frontier Group stock. The shares were sold at an average price of $8.05, for a total transaction of $466,900.00.
• On Thursday, March 9th, Barry Biffle sold 14,723 shares of Frontier Group stock. The shares were sold at an average price of $11.77, for a total transaction of $173,289.71.
• On Tuesday, March 7th, Barry Biffle sold 4,790 shares of Frontier Group stock. The stock was sold at an average price of $11.80, for a total transaction of $56,522.00.

Frontier Group Trading Up 0.3 %

Shares of Frontier Group stock opened at $7.90 on Friday. The firm has a 50-day simple moving average of $8.91 and a two-hundred day simple moving average of $10.86. The company has a market cap of $1.73 billion, a P/E ratio of 25.48 and a beta of 1.99. Frontier Group Holdings, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.59 and a current ratio of 0.62.

Wall Street Analyst Weigh In

ULCC has been the topic of several analyst reports. Susquehanna lowered shares of Frontier Group from a “positive” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $10.00 in a report on Thursday, May 4th. JPMorgan Chase & Co. lowered shares of Frontier Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $12.00 in a report on Monday, May 8th. Cowen dropped their price objective on shares of Frontier Group from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Raymond James raised shares of Frontier Group from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Monday, February 27th. Finally, Melius lowered shares of Frontier Group from an “overweight” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Wednesday, February 15th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.42.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ULCC. Price T Rowe Associates Inc. MD raised its position in shares of Frontier Group by 215.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,837,680 shares of the company’s stock worth $26,589,000 after acquiring an additional 1,938,222 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Frontier Group in the first quarter worth about $12,749,000. Interval Partners LP acquired a new position in shares of Frontier Group in the first quarter worth about $9,659,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of Frontier Group in the first quarter worth about $3,936,000. Finally, State Street Corp raised its position in shares of Frontier Group by 29.5% in the first quarter. State Street Corp now owns 1,709,289 shares of the company’s stock worth $19,366,000 after acquiring an additional 389,840 shares during the period.

Frontier Group Company Profile

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Frontier Group Holdings, Inc engages in the provision of air transportation. The company was founded on September 2013 and is headquartered in Denver, CO.