Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Howard Diamond, Executive Vice President of Legal & Corporate Affairs at Frontier Group Holdings , Inc. (NASDAQ:ULCC), recently sold shares of the company’s common stock. The transaction, dated March 6, 2025, involved the sale of 8,481 shares at a weighted average price of approximately $7.11 per share, amounting to a total value of $60,304. Following this sale, Diamond retains ownership of 167,405 shares. The shares were sold in multiple transactions, with prices ranging from $7.11 to $7.12. According to InvestingPro analysis, the stock currently trades below its Fair Value, with analysts maintaining positive earnings forecasts for the year ahead. For deeper insights into ULCC’s valuation and 11 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Frontier Group Holdings Inc. reported its fourth-quarter 2024 earnings, significantly surpassing expectations with an earnings per share (EPS) of $0.23 compared to the forecasted $0.04. The airline’s revenue for the quarter reached $1 billion, marking a 12% increase year-over-year. Analysts at UBS have responded to this strong performance by raising the price target for Frontier Group to $10.00, maintaining a Neutral rating, citing the company’s robust fourth-quarter earnings and positive outlook for fiscal year 2025. The company’s guidance for 2025 includes a projected EPS of at least $1.00, exceeding both UBS’s and the consensus estimates.
Additionally, TD Cowen analyst Tom Fitzgerald also increased the price target for Frontier Group to $10.00, up from $7.00, while maintaining a Hold rating. Fitzgerald noted positive developments in the company’s revenue and network strategies but remains cautious, seeking more evidence of performance, particularly regarding summer bookings. Frontier Group’s strategic initiatives, such as enhancing premium offerings and loyalty programs, are expected to contribute to future revenue growth. The company is also targeting double-digit pretax margins by summer 2025, reflecting optimism in its operational and financial strategies. These recent developments highlight Frontier Group’s focus on improving financial performance and expanding its market presence.
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