Frontier Group (NASDAQ:ULCC) EVP Howard Diamond Sells 24,195 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCCGet Free Report) EVP Howard Diamond sold 24,195 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $8.25, for a total transaction of $199,608.75. Following the completion of the transaction, the executive vice president owned 133,126 shares of the company’s stock, valued at approximately $1,098,289.50. The trade was a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Frontier Group Price Performance

Shares of NASDAQ ULCC traded down $0.37 during midday trading on Thursday, reaching $7.58. The stock had a trading volume of 3,339,390 shares, compared to its average volume of 4,728,884. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -4.51 and a beta of 2.59. Frontier Group Holdings, Inc. has a 12-month low of $3.02 and a 12-month high of $8.40. The stock has a 50-day moving average of $6.73 and a 200-day moving average of $5.25. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58.

Frontier Group (NASDAQ:ULCCGet Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. Frontier Group’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.31) EPS. 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. As a group, research analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULCC has been the subject of a number of recent analyst reports. Barclays upped their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Citigroup boosted their price target on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Susquehanna increased their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Finally, Zacks Research upgraded shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.86.

Read Our Latest Stock Analysis on Frontier Group

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontier Group during the third quarter valued at about $27,000. Atlas Wealth LLC purchased a new stake in shares of Frontier Group in the first quarter worth about $33,000. Quarry LP bought a new position in Frontier Group during the fourth quarter valued at approximately $34,000. Brooklyn Investment Group boosted its stake in Frontier Group by 490.7% during the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Frontier Group during the 1st quarter valued at approximately $60,000.

Frontier Group Company Profile

(Get Free Report)

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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