Frontier Group (NASDAQ:ULCC) Shares Gap Up – What’s Next?

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.11, but opened at $5.48. Frontier Group shares last traded at $5.5130, with a volume of 484,215 shares trading hands.

Analyst Upgrades and Downgrades

ULCC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. Citigroup began coverage on shares of Frontier Group in a research note on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price for the company. UBS Group reissued a “neutral” rating and issued a $6.00 price target (up from $4.00) on shares of Frontier Group in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research report on Monday. Finally, Seaport Res Ptn raised Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.25.

Frontier Group Stock Up 2.8%

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 company has a market cap of $1.20 billion, a PE ratio of -8.65 and a beta of 2.55. The business’s 50 day moving average is $4.34 and its 200-day moving average is $4.34.

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

Insider Transactions at Frontier Group

In other news, CEO Barry Biffle sold 82,627 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $477,584.06. Following the completion of the sale, the chief executive officer owned 631,836 shares in the company, valued at approximately $3,652,012.08. The trade was a 11.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the transaction, the senior vice president owned 77,312 shares of the company’s stock, valued at approximately $463,872. The trade was a 6.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 305,000 shares of company stock valued at $1,670,444 over the last ninety days. 48.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frontier Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontier Group during the third quarter worth about $27,000. Ameritas Investment Partners Inc. boosted its position in shares of Frontier Group by 130.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock valued at $31,000 after purchasing an additional 4,885 shares during the period. CWM LLC grew its stake in Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock worth $36,000 after buying an additional 6,253 shares during the last quarter. Baron Wealth Management LLC purchased a new position in Frontier Group during the 2nd quarter worth approximately $37,000. Finally, MQS Management LLC acquired a new position in Frontier Group during the second quarter worth approximately $37,000.

Frontier Group Company Profile

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.