GSA Capital Partners Sells 187,774 Shares of Frontier Group Holdings, Inc. (ULCC)
GSA Capital Partners LLP recently made a big move by reducing its stake in Frontier Group Holdings, Inc. by 78.5% during the third quarter. According to their most recent filing with the SEC, the firm sold 187,774 shares of Frontier Group, leaving them with 51,566 shares of the company’s stock. At the end of the reporting period, GSA Capital Partners LLP’s holdings in Frontier Group were valued at $276,000.
Other hedge funds have also been active in adjusting their positions in ULCC. AlTi Global Inc. purchased a new stake in Frontier Group in the second quarter, while U S Global Investors Inc. significantly increased its holdings during the third quarter. Boston Partners and Jade Capital Advisors LLC have also seen growth in their stakes in Frontier Group, with Marshall Wace LLP entering the picture with a new stake in the company during the second quarter.
In insider news, SVP Steve Schuller recently sold 10,000 shares of Frontier Group stock, reducing their position by 22.71%. The stock’s current trading value is up 0.9% at $5.60.
Frontier Group recently reported their quarterly earnings data, revealing a lower than expected ($0.05) earnings per share for the quarter. Despite this, the company’s revenue was up 5.9% year-over-year.
Analysts are keeping an eye on Frontier Group as well, with various brokerages offering price targets and ratings for the stock. Citigroup, Deutsche Bank Aktiengesellschaft, Bank of America, Barclays, and TD Cowen have all weighed in recently, providing insights into the company’s performance and potential.
Frontier Group Holdings, Inc. provides low-fare airline services to leisure travelers in the United States and Latin America. With a focus on passenger comfort and affordable travel, Frontier Group remains a key player in the industry.
