Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.98 and last traded at $6.8650, with a volume of 925251 shares traded. The stock had previously closed at $6.25.
Wall Street Analyst Weigh In
A number of analysts have weighed in on ULCC shares. Citigroup raised their price objective on shares of Frontier Group from $4.90 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. Wall Street Zen downgraded shares of Frontier Group from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group decreased their price objective on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Barclays reaffirmed an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Frontier Group currently has an average rating of “Reduce” and a consensus price target of $5.07.
Check Out Our Latest Stock Analysis on Frontier Group
Frontier Group Trading Up 10.0%
Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted ($0.19) EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, sell-side analysts anticipate that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.
Insider Activity at Frontier Group
In related news, SVP Alexandre Clerc sold 5,060 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total value of $30,005.80. Following the sale, the senior vice president owned 47,698 shares in the company, valued at approximately $282,849.14. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president directly owned 97,175 shares of the company’s stock, valued at approximately $583,050. This trade represents a 9.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,670 shares of company stock worth $603,756 in the last three months. 48.00% of the stock is currently owned by company insiders.
Institutional Trading of Frontier Group
Hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. lifted its holdings in Frontier Group by 63.9% in the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after acquiring an additional 2,643,448 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Frontier Group during the 2nd quarter valued at about $5,387,000. Mountaineer Partners Management LLC purchased a new stake in shares of Frontier Group during the 4th quarter valued at about $4,490,000. Bank of America Corp DE increased its position in shares of Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after purchasing an additional 852,798 shares during the last quarter. Finally, HRT Financial LP lifted its stake in shares of Frontier Group by 932.1% in the 4th quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after purchasing an additional 738,228 shares during the period.
About Frontier Group
Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.
Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.
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