Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report)’s stock price dropped 7.5% during trading on Friday. The stock traded as low as $4.91 and last traded at $4.9050. 206,104 shares were traded during trading, a decline of 95% from the average session volume of 4,146,924 shares. The stock had previously closed at $5.30.
Wall Street Analyst Weigh In
ULCC has been the topic of a number of research analyst reports. Susquehanna reduced their price target on Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings cut Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Citigroup increased their price objective on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Zacks Research lowered Frontier Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Barclays reduced their target price on Frontier Group from $7.00 to $5.00 and set an “underweight” rating on the stock in a research note on Friday, September 11th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.29.
Read Our Latest Research Report on ULCC
Frontier Group Stock Down 7.5%
The stock’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $5.81. The stock has a market capitalization of $1.13 billion, a PE ratio of -2.91 and a beta of 2.64. 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:ULCC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.22 billion. During the same period last year, the business earned ($0.31) EPS. Frontier Group’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. As a group, analysts expect that Frontier Group Holdings, Inc. will post -0.53 EPS for the current fiscal year.
Insider Buying and Selling at Frontier Group
In other news, SVP Steve Schuller sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the sale, the senior vice president directly owned 79,675 shares of the company’s stock, valued at $478,050. The trade was a 8.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Alexandre Clerc sold 3,068 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $8.17, for a total value of $25,065.56. Following the completion of the sale, the senior vice president directly owned 37,488 shares in the company, valued at approximately $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 have sold a total of 349,662 shares of company stock valued at $2,786,452 over the last three months. 48.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Frontier Group
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Frontier Group during the second quarter valued at $47,205,000. U S Global Investors Inc. raised its position in shares of Frontier Group by 6.1% in the 3rd quarter. U S Global Investors Inc. now owns 5,216,198 shares of the company’s stock worth $31,141,000 after purchasing an additional 301,543 shares during the last quarter. Silver Point Capital L.P. purchased a new position in shares of Frontier Group in the 2nd quarter worth about $12,141,850. Bank of America Corp DE bought a new position in Frontier Group in the 2nd quarter worth about $7,337,000. Finally, GSA Capital Partners LLP bought a new position 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. The company operates a low-fare, point-to-point air transportation business, primarily serving leisure travelers and price-conscious customers.
Frontier Airlines offers scheduled flights to destinations across the United States, as well as selected locations in the Caribbean and Latin America. Its business model emphasizes low base fares with additional charges for optional services such as checked baggage, seat selection, priority boarding and other travel-related products.
Frontier Airlines traces its roots to 1994 and has expanded its network through a fleet focused largely on Airbus narrow-body aircraft.
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