Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) traded down 10.7% during trading on Wednesday. The stock traded as low as $5.01 and last traded at $4.9850. Approximately 1,919,554 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 4,177,494 shares. The stock had previously closed at $5.58.
Wall Street Analyst Weigh In
ULCC has been the topic of several recent research reports. Weiss Ratings downgraded shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Susquehanna dropped their price target on Frontier Group from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. UBS Group reduced their target price on Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Barclays lowered their target price on Frontier Group from $7.00 to $5.00 and set an “underweight” rating for the company in a research note on Friday, September 11th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $6.29.
Read Our Latest Research Report on ULCC
Frontier Group Price Performance
Frontier Group (NASDAQ:ULCC – Get Free Report) last issued 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. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%. The company’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the company earned ($0.31) earnings per share. 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 predict that Frontier Group Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Frontier Group news, SVP Steve Schuller sold 7,500 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the completion of the transaction, the senior vice president owned 79,675 shares of the company’s stock, valued at approximately $478,050. The trade was a 8.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexandre Clerc sold 3,068 shares of Frontier Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $8.17, for a total transaction of $25,065.56. Following the completion of the sale, the senior vice president owned 37,488 shares of the company’s stock, valued at $306,276.96. This represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 349,662 shares of company stock worth $2,786,452 in the last three months. 48.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ULCC. BlackRock Inc. bought a new stake in shares of Frontier Group in the 2nd quarter worth about $47,205,000. U S Global Investors Inc. grew its holdings in Frontier Group by 63.9% during the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares during the last quarter. Silver Point Capital L.P. purchased a new stake in Frontier Group in the 2nd quarter worth about $12,141,850. Bank of America Corp DE purchased a new stake in Frontier Group in the 2nd quarter worth about $7,337,000. Finally, GSA Capital Partners LLP purchased a new stake in Frontier Group in the 2nd quarter worth about $4,373,000.
Frontier Group Company Profile
Frontier Group Holdings, Inc is the parent company of Frontier Airlines, an ultra-low-cost passenger airline headquartered in Denver, Colorado. Frontier Airlines operates a low-fare business model that separates base airfare from optional services, allowing customers to pay for add-ons such as checked baggage, seat selection, priority services and other travel options.
Frontier Airlines serves a broad network of destinations across the United States, as well as selected locations in Mexico, the Caribbean and Central America.
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