Josh Wetzel Sells 13,500 Shares of Frontier Group (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) CAO Josh Wetzel sold 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $4.75, for a total value of $64,125.00. Following the completion of the sale, the chief accounting officer directly owned 12,061 shares in the company, valued at $57,289.75. This trade represents a 52.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Frontier Group Stock Up 4.1%

Frontier Group stock traded up $0.19 during trading hours on Thursday, hitting $4.88. The stock had a trading volume of 4,958,625 shares, compared to its average volume of 4,912,641. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $1.12 billion, a P/E ratio of -3.05 and a beta of 2.41. Frontier Group Holdings, Inc. has a 12-month low of $3.02 and a 12-month high of $6.66. The stock’s 50-day moving average price is $3.96 and its 200-day moving average price is $4.49.

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Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.07. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Equities research analysts anticipate that Frontier Group Holdings, Inc. will post -1.12 EPS for the current fiscal year.

Institutional Trading of Frontier Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Frontier Group during the first quarter valued at approximately $1,651,000. First Trust Advisors LP boosted its position in shares of Frontier Group by 65.7% during the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company’s stock worth $4,162,000 after acquiring an additional 467,638 shares during the last quarter. Atlas Wealth LLC bought a new position in shares of Frontier Group during the first quarter worth $33,000. U S Global Investors Inc. boosted 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 acquiring an additional 2,643,448 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Frontier Group during the 1st quarter valued at about $368,000.

Analyst Ratings Changes

ULCC has been the subject of several recent analyst reports. Wall Street Zen raised shares of Frontier Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Susquehanna lifted their target price on shares of Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on shares of Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Frontier Group in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, February 10th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $5.07.

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About Frontier Group

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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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