GSA Capital Partners LLP acquired a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 552,896 shares of the company’s stock, valued at approximately $4,373,000. Frontier Group accounts for about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 19th biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of ULCC. U S Global Investors Inc. increased its holdings in shares of Frontier Group by 63.9% in the first 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 period. Dimensional Fund Advisors LP raised its stake in shares of Frontier Group by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after purchasing an additional 209,154 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 purchasing an additional 852,798 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Frontier Group by 48.4% during the third quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after purchasing an additional 718,147 shares during the period. Finally, Geode Capital Management LLC grew its position in Frontier Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock valued at $10,347,000 after buying an additional 8,946 shares during the last quarter.
Insider Buying and Selling
In other news, CFO Mark Christopher Mitchell sold 125,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the transaction, the chief financial officer directly owned 53,785 shares of the company’s stock, valued at $435,120.65. This represents a 69.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $7.55, for a total transaction of $75,500.00. Following the completion of the sale, the senior vice president owned 87,175 shares of the company’s stock, valued at $658,171.25. This trade represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,067,242 shares of company stock valued at $87,115,712 in the last quarter. Corporate insiders own 48.00% of the company’s stock.
Frontier Group Stock Down 1.9%
Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.Frontier Group’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($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. On average, equities analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have issued reports on ULCC. Susquehanna boosted their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. UBS Group lifted their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Zacks Research upgraded shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average target price of $6.86.
Read Our Latest Stock Analysis on ULCC
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.
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