State of Wyoming Makes New Investment in Frontier Group Holdings, Inc. $ULCC

State of Wyoming acquired a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 116,887 shares of the company’s stock, valued at approximately $925,000.

Several other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontier Group during the third quarter worth approximately $27,000. Atlas Wealth LLC purchased a new stake in Frontier Group in the 1st quarter valued at $33,000. Quarry LP purchased a new stake in Frontier Group in the 4th quarter valued at $34,000. Brooklyn Investment Group boosted its stake in Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after purchasing an additional 9,078 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Frontier Group during the 1st quarter worth $60,000.

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Frontier Group Stock Performance

NASDAQ:ULCC opened at $6.69 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -3.98 and a beta of 2.59. The firm’s fifty day moving average price is $6.89 and its 200 day moving average price is $5.34. Frontier Group Holdings, Inc. has a 1-year low of $3.02 and a 1-year high of $8.40.

Frontier Group (NASDAQ:ULCC – Get Free Report) last announced 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 net margin of 9.29% and a negative return on equity of 35.54%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned ($0.31) EPS. Frontier Group’s quarterly 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. On average, sell-side analysts expect that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. UBS Group increased their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Zacks Research raised Frontier Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Susquehanna upped their price objective on Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. 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 company’s stock. According to data from MarketBeat, Frontier Group currently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Check Out Our Latest Research Report on Frontier Group

Insider Buying and Selling at Frontier Group

In other news, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 22,706,526 shares in the company, valued at $163,486,987.20. The trade was a 34.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Trevor J. Stedke sold 167,277 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $8.03, for a total transaction of $1,343,234.31. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,067,242 shares of company stock valued at $87,115,712. Insiders own 48.00% of the company’s stock.

About Frontier Group

(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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