GSA Capital Partners LLP Has $276,000 Holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

GSA Capital Partners LLP lessened its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 78.5% in the third quarter, Holdings Channel reports. The firm owned 51,566 shares of the company’s stock after selling 187,774 shares during the quarter. GSA Capital Partners LLP’s holdings in Frontier Group were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULCC. Catalina Capital Group LLC bought a new position in Frontier Group in the third quarter valued at about $119,000. Mariner Investment Group LLC bought a new position in Frontier Group in the third quarter valued at about $428,000. US Bancorp DE grew its position in Frontier Group by 930.3% in the third quarter. US Bancorp DE now owns 15,083 shares of the company’s stock valued at $81,000 after acquiring an additional 13,619 shares during the last quarter. Fortitude Family Office LLC grew its position in Frontier Group by 1,096.7% in the third quarter. Fortitude Family Office LLC now owns 20,715 shares of the company’s stock valued at $111,000 after acquiring an additional 18,984 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Frontier Group in the third quarter valued at about $55,000.

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This represents a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 81.50% of the stock is currently owned by company insiders.

Frontier Group Stock Performance

Shares of ULCC stock opened at $5.60 on Friday. The business’s 50 day simple moving average is $5.81 and its 200 day simple moving average is $4.95. Frontier Group Holdings, Inc. has a one year low of $2.79 and a one year high of $8.33. The stock has a market capitalization of $1.26 billion, a PE ratio of -139.97 and a beta of 2.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the previous year, the firm earned ($0.14) EPS. Frontier Group’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULCC has been the topic of a number of recent analyst reports. Evercore ISI lifted their target price on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Bank of America decreased their target price on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. TD Cowen boosted their price target on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Susquehanna boosted their price target on Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and a consensus price target of $6.52.

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.