OneDigital Investment Advisors LLC Buys 14,459 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC)

OneDigital Investment Advisors LLC lifted its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 4.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 309,838 shares of the company’s stock after acquiring an additional 14,459 shares during the period. OneDigital Investment Advisors LLC owned 0.14% of Frontier Group worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of Frontier Group during the second quarter valued at about $45,000. nVerses Capital LLC raised its stake in Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after buying an additional 6,100 shares during the period. Victory Capital Management Inc. bought a new position in Frontier Group in the third quarter worth approximately $54,000. Ballentine Partners LLC acquired a new stake in Frontier Group in the third quarter valued at approximately $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Frontier Group during the second quarter valued at approximately $58,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America decreased their price target on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Citigroup upped their target price on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen lifted their price target on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Barclays boosted their price objective on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.52.

Frontier Group Trading Up 1.0 %

Shares of Frontier Group stock opened at $6.80 on Monday. The firm has a market cap of $1.53 billion, a PE ratio of -169.96 and a beta of 2.51. Frontier Group Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $8.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a fifty day moving average price of $5.67 and a 200-day moving average price of $4.96.

Frontier Group (NASDAQ:ULCC) last posted 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. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. Equities research analysts anticipate that Frontier Group Holdings, Inc. will post 0.04 EPS for the current year.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at approximately $204,210. This represents a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 81.50% of the stock is currently owned by company insiders.

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.