Hsbc Holdings PLC bought a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 103,190 shares of the company’s stock, valued at approximately $368,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ULCC. GSA Capital Partners LLP raised its position in Frontier Group by 2,044.4% in the fourth quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock worth $1,499,000 after acquiring an additional 303,322 shares during the period. Mountaineer Partners Management LLC bought a new position in shares of Frontier Group during the 4th quarter valued at approximately $4,490,000. IHT Wealth Management LLC bought a new position in shares of Frontier Group during the 2nd quarter valued at approximately $87,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Frontier Group by 121.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,441 shares of the company’s stock worth $63,000 after purchasing an additional 7,374 shares during the last quarter. Finally, Numerai GP LLC purchased a new stake in shares of Frontier Group during the 3rd quarter worth approximately $61,000.
Insider Activity at Frontier Group
In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president directly owned 97,175 shares of the company’s stock, valued at $583,050. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh A. Wetzel sold 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $4.75, for a total transaction of $64,125.00. Following the transaction, the chief accounting officer owned 12,061 shares of the company’s stock, valued at $57,289.75. This trade represents a 52.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,811,670 shares of company stock valued at $84,843,756 in the last quarter. 48.00% of the stock is currently owned by company insiders.
Frontier Group Stock Down 3.3%
Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted ($0.31) earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. Research analysts anticipate that Frontier Group Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ULCC has been the topic of several research analyst reports. Citigroup upped their price objective on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays boosted their target price on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Weiss Ratings cut Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Finally, Zacks Research upgraded Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $6.86.
Get Our Latest Analysis on Frontier Group
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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