Frontier Group Holdings Inc (NASDAQ: ULCC) is 3.30% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ULCC stock was last observed hovering at around $5.81 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $5.64, the stock is 22.40% and 43.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing -2.93% at the moment leaves the stock 3.72% off its SMA200. ULCC registered 19.75% gain for a year compared to 6-month loss of -23.58%. The firm has a 50-day simple moving average (SMA 50) of $3.9244 and a 200-day simple moving average (SMA200) of $5.4377.
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The stock witnessed a 50.80% gain in the last 1 month and extending the period to 3 months gives it a 34.29%, and is 5.42% up 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 6.55% over the week and 6.90% over the month.
Frontier Group Holdings Inc (ULCC) has around 7235 employees, a market worth around $1.27B and $3.61B in sales. Fwd P/E is 10.88. Profit margin for the company is -1.77%. Distance from 52-week low is 102.15% and -32.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.72%).
with sales reaching $942.09M over the same period.The EPS is expected to shrink by -32.34% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to grow 5.10% in year-over-year returns.
Frontier Group Holdings Inc (ULCC) Top Institutional Holders
207.0 institutions hold shares in Frontier Group Holdings Inc (ULCC), with institutional investors hold 129.42% of the company’s shares. The shares outstanding are 223.00M, and float is at 80.16M with Short Float at 19.68%. Institutions hold 50.21% 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 Schuller Steve, the company’s SVP, Human Resources. SEC filings show that Schuller Steve sold 10,000 shares of the company’s common stock on Oct 04 ’24 at a price of $6.00 per share for a total of $60000.0. Following the sale, the insider now owns 34035.0 shares.
Still, SEC filings show that on May 16 ’24, Wetzel Josh A (VP & CAO) disposed off 11,000 shares at an average price of $6.00 for $66000.0. The insider now directly holds 1,052 shares of Frontier Group Holdings Inc (ULCC).
