Frontier Group (NASDAQ:ULCC) Trading Up 9% – What’s Next?

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) rose 9% during trading on Wednesday . The company traded as high as $5.91 and last traded at $5.9750. Approximately 3,823,333 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 3,890,126 shares. The stock had previously closed at $5.48.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULCC shares. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a report on Thursday, September 25th. Susquehanna boosted their price objective on Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Frontier Group in a research note on Monday. Citigroup initiated coverage on Frontier Group in a research report on Thursday, December 4th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, UBS Group upped their price target on Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and an average target price of $6.13.

Frontier Group Price Performance

The business has a fifty day moving average of $4.22 and a 200 day moving average of $4.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. The stock has a market cap of $1.33 billion, a PE ratio of -9.56 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The company had revenue of $886.00 million for the quarter, compared to the consensus estimate of $900.07 million. During the same period in the previous year, the business earned ($0.05) EPS. Frontier Group’s revenue for the quarter was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Sell-side analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 100,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.54, for a total transaction of $554,000.00. Following the completion of the transaction, the chief executive officer directly owned 731,836 shares of the company’s stock, valued at $4,054,371.44. This trade represents a 12.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 200,000 shares of company stock worth $1,058,448. Corporate insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Frontier Group in the third quarter valued at about $27,000. XTX Topco Ltd lifted its holdings in Frontier Group by 12.5% during the 3rd quarter. XTX Topco Ltd now owns 138,878 shares of the company’s stock worth $613,000 after buying an additional 15,393 shares during the last quarter. Voleon Capital Management LP grew its position in shares of Frontier Group by 242.8% in the 3rd quarter. Voleon Capital Management LP now owns 715,417 shares of the company’s stock worth $3,159,000 after acquiring an additional 506,704 shares in the last quarter. Prentice Capital Management LP increased its holdings in shares of Frontier Group by 596.1% in the 3rd quarter. Prentice Capital Management LP now owns 530,119 shares of the company’s stock valued at $2,340,000 after acquiring an additional 453,962 shares during the last quarter. Finally, Numerai GP LLC acquired a new stake in shares of Frontier Group during the 3rd quarter valued at approximately $61,000.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.