Frontier Group Holdings Inc (NASDAQ: ULCC) is -23.08% lower on its value in year-to-date trading and has touched a low of $2.79 and a high of $8.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ULCC stock was last observed hovering at around $4.36 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $4.20, the stock is 7.20% and 12.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -3.67% at the moment leaves the stock -22.65% off its SMA200. ULCC registered -13.22% loss for a year compared to 6-month loss of -39.48%.
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The stock witnessed a 24.63% gain in the last 1 month and extending the period to 3 months gives it a -18.45%, and is -3.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.23% over the week and 6.14% over the month.
Frontier Group Holdings Inc (ULCC) has around 7235 employees, a market worth around $942.82M and $3.61B in sales. Fwd P/E is 9.02. Profit margin for the company is -1.77%. Distance from 52-week low is 50.54% and -49.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.72%).
The EPS is expected to shrink by -64.54% this year.
Frontier Group Holdings Inc (ULCC) Top Institutional Holders
207.0 institutions hold shares in Frontier Group Holdings Inc (ULCC), with institutional investors hold 129.56% of the company’s shares. The shares outstanding are 223.00M, and float is at 80.16M with Short Float at 18.32%. Institutions hold 50.27% of the Float.
The top institutional shareholder in the company is INDIGO PARTNERS LLC with over 32.09 million shares valued at $158.21 million. The investor’s holdings represent 14.3634% of the ULCC Shares outstanding. As of 2024-06-30, the second largest holder is WILDCAT CAPITAL MANAGEMENT, LLC with 28.06 million shares valued at $138.34 million to account for 12.5594 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.53 million shares representing 3.3692% and valued at over $37.11 million, while VANGUARD GROUP INC holds 2.1081 of the shares totaling 4.71 million with a market value of $23.22 million.
Frontier Group Holdings Inc (ULCC) Insider Activity
The most recent transaction is an insider sale by Wetzel Josh A, the company’s VP & CAO. SEC filings show that Wetzel Josh A sold 11,000 shares of the company’s common stock on May 16 ’24 at a price of $6.00 per share for a total of $66000.0. Following the sale, the insider now owns 1052.0 shares.
Frontier Group Holdings Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Biffle Barry (CEO) sold a total of 151,620 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $7.72 per share for $1.17 million. Following the transaction, the insider now directly holds 0.77 million shares of the ULCC stock.
Still, SEC filings show that on Mar 04 ’24, Biffle Barry (CEO) disposed off 142,154 shares at an average price of $7.38 for $1.05 million. The insider now directly holds 772,981 shares of Frontier Group Holdings Inc (ULCC).
