First Trust Advisors LP lifted its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC – Free Report) by 65.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,179,019 shares of the company’s stock after buying an additional 467,638 shares during the quarter. First Trust Advisors LP’s holdings in Frontier Group were worth $4,162,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontier Group in the 3rd quarter valued at about $27,000. Atlas Wealth LLC bought a new position in Frontier Group during the first quarter worth about $33,000. Quarry LP bought a new position in Frontier Group during the fourth quarter worth about $34,000. Brooklyn Investment Group increased its position in Frontier Group by 490.7% during the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after buying an additional 9,078 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Frontier Group in the first quarter valued at approximately $60,000.
Insider Activity at Frontier Group
In related news, SVP Alexandre Clerc sold 3,068 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $8.17, for a total transaction of $25,065.56. Following the sale, the senior vice president owned 37,488 shares in the company, valued at $306,276.96. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $7.55, for a total transaction of $75,500.00. Following the sale, the senior vice president directly owned 87,175 shares of the company’s stock, valued at approximately $658,171.25. This trade represents a 10.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,831,880 shares of company stock valued at $84,995,244 over the last 90 days. 48.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Frontier Group
Frontier Group Stock Performance
NASDAQ:ULCC opened at $7.99 on Wednesday. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock’s 50-day simple moving average is $6.69 and its 200 day simple moving average is $5.23. The firm has a market capitalization of $1.84 billion, a PE ratio of -4.76 and a beta of 2.59.
Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. 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. On average, analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 EPS for the current fiscal year.
Frontier Group Profile
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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