GSA Capital Partners Sells 187,774 Shares of Frontier Group Holdings NASDAQ:ULCC
GSA Capital Partners LLP recently decreased its stake in Frontier Group Holdings, Inc. (NASDAQ: ULCC) by 78.5% in the third quarter, according to a recent SEC filing. The firm now owns 51,566 shares of the company’s stock after selling 187,774 shares during the period. At the end of the reporting period, GSA Capital Partners’ holdings in Frontier Group were valued at $276,000.
Other hedge funds have also made moves with their stakes in ULCC. AlTi Global Inc. bought a new stake in Frontier Group in the second quarter, U S Global Investors Inc. increased its position in the company, Boston Partners and Jade Capital Advisors LLC grew their stakes, and Marshall Wace LLP also purchased a new stake in the second quarter.
In other news, SVP Steve Schuller recently sold 10,000 shares of Frontier Group stock in a transaction. The shares were sold at an average price of $6.00, totaling $60,000. Following the sale, the senior vice president now directly holds 34,035 shares of the company’s stock, valued at $204,210. This transaction represented a 22.71% decrease in their position.
Frontier Group Holdings, Inc. traded up 0.9% on Friday, reaching $5.60. The company has a 52-week low of $2.79 and a 52-week high of $8.33, with a market cap of $1.26 billion.
According to their latest earnings report, Frontier Group posted ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02). Analyst estimates suggest that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.
Wall Street analysts have weighed in on ULCC, with differing opinions. Citigroup raised their price target on shares of Frontier Group, while Deutsche Bank Aktiengesellschaft, Bank of America, Barclays, and TD Cowen have all adjusted their ratings and price targets for the company.
In terms of recommendations, one analyst has rated the stock as a sell, nine have assigned a hold rating, and one has given a buy rating to the company. The consensus on Frontier Group Holdings, Inc. stands at a “Hold” rating with a consensus price target of $6.52.
Frontier Group Holdings, Inc. provides low-fare passenger airline services to leisure travelers in the United States and Latin America, selling its products through direct distribution channels such as their website and mobile app.
