Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) were down 6.8% on Monday . The company traded as low as $6.86 and last traded at $6.8750. 1,705,096 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 4,695,096 shares. The stock had previously closed at $7.38.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ULCC. Citigroup lifted their price target on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Barclays raised their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.86.
Read Our Latest Report on ULCC
Frontier Group Price Performance
Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted ($0.31) EPS. The firm’s quarterly revenue 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. Sell-side analysts forecast that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.
Insider Activity at Frontier Group
In related news, CFO Mark Christopher Mitchell sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total value of $1,011,250.00. Following the completion of the sale, the chief financial officer directly owned 53,785 shares in the company, valued at approximately $435,120.65. The trade was a 69.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of Frontier Group stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $7.20, for a total transaction of $84,240,000.00. Following the completion of the transaction, the insider owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. This trade represents a 34.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,067,242 shares of company stock worth $87,115,712. Company insiders own 48.00% of the company’s stock.
Institutional Investors Weigh In On Frontier Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in ULCC. BlackRock Inc. acquired a new position in Frontier Group during the second quarter valued at approximately $47,205,000. U S Global Investors Inc. increased its position in shares of 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 worth $23,938,000 after acquiring an additional 2,643,448 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Frontier Group in the second quarter worth $5,387,000. Mountaineer Partners Management LLC purchased a new position in shares of Frontier Group in the 4th quarter valued at $4,490,000. Finally, Bank of America Corp DE raised its stake in shares of Frontier Group by 39.2% in 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 acquiring an additional 852,798 shares during the period.
Frontier Group Company 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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