Frontier Group (NASDAQ:ULCC) SVP Alexandre Clerc Sells 3,068 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Alexandre Clerc sold 3,068 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.17, for a total transaction of $25,065.56. Following the completion of the sale, the senior vice president directly owned 37,488 shares in the company, valued at approximately $306,276.96. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alexandre Clerc also recently made the following trade(s):

• On Friday, July 31st, Alexandre Clerc sold 7,142 shares of Frontier Group stock. The shares were sold at an average price of $7.13, for a total value of $50,922.46.
• On Tuesday, June 2nd, Alexandre Clerc sold 5,060 shares of Frontier Group stock. The stock was sold at an average price of $5.93, for a total transaction of $30,005.80.

Frontier Group Trading Up 3.9%

ULCC stock opened at $7.99 on Wednesday. The company’s 50-day simple moving average is $6.69 and its 200-day simple moving average is $5.23. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. Frontier Group Holdings, Inc. has a 52-week low of $3.02 and a 52-week high of $8.40. The firm has a market cap of $1.84 billion, a P/E ratio of -4.76 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.31) EPS. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, equities analysts forecast that Frontier Group Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently made changes to their positions in ULCC. AQR Capital Management LLC increased its stake in shares of Frontier Group by 46.0% during the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares during the period. Goldman Sachs Group Inc. raised its holdings in Frontier Group by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock valued at $4,398,000 after acquiring an additional 251,509 shares in the last quarter. Rhumbline Advisers lifted its stake in Frontier Group by 7.1% in the second quarter. Rhumbline Advisers now owns 117,984 shares of the company’s stock worth $428,000 after acquiring an additional 7,791 shares during the last quarter. Invesco Ltd. lifted its stake in Frontier Group by 35.1% in the second quarter. Invesco Ltd. now owns 108,806 shares of the company’s stock worth $395,000 after acquiring an additional 28,256 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Frontier Group during the 2nd quarter worth approximately $477,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ULCC. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Susquehanna increased their price target on Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Barclays lifted their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Finally, Zacks Research raised Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Frontier Group has a consensus rating of “Reduce” and a consensus price target of $6.86.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.