Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) traded down 7.2% during trading on Tuesday . The company traded as low as $4.28 and last traded at $4.2950. 1,486,806 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,883,494 shares. The stock had previously closed at $4.63.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group decreased their target price on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Barclays reissued an “underweight” rating and issued a $4.00 target price (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Tuesday, February 10th. Finally, Citigroup raised their price target on shares of Frontier Group from $4.90 to $5.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Reduce” and an average price target of $5.07.
Get Our Latest Stock Analysis on Frontier Group
Frontier Group Price Performance
Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.07. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. Frontier Group’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, sell-side analysts anticipate that Frontier Group Holdings, Inc. will post -1.12 earnings per share for the current fiscal year.
Insider Activity
In other news, VP Trevor J. Stedke sold 83,110 shares of Frontier Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $5.41, for a total transaction of $449,625.10. Following the sale, the vice president owned 167,277 shares in the company, valued at $904,968.57. This trade represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.00% of the stock is owned by corporate insiders.
Institutional Trading of Frontier Group
A number of hedge funds have recently made changes to their positions in the company. U S Global Investors Inc. grew its position in shares of Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after buying an additional 2,643,448 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Frontier Group during the second quarter worth approximately $5,387,000. Mountaineer Partners Management LLC acquired a new stake in shares of Frontier Group during the fourth quarter worth approximately $4,490,000. Bank of America Corp DE grew its position in shares of Frontier Group by 39.2% during the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after buying an additional 852,798 shares in the last quarter. Finally, HRT Financial LP grew its position in shares of Frontier Group by 932.1% during the fourth quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after buying an additional 738,228 shares in the last quarter.
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.
Read More
- Five stocks we like better than Frontier Group
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
- The Pentagon’s AI Pivot Supercharges Defense Stocks
Receive News & Ratings for Frontier Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Group and related companies with MarketBeat.com's FREE daily email newsletter.
