Frontier Group (NASDAQ:ULCC) Shares Up 9% Following Analyst Upgrade

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) rose 9% during mid-day trading on Friday after Susquehanna raised their price target on the stock from $4.00 to $5.00. Susquehanna currently has a neutral rating on the stock. Frontier Group traded as high as $5.23 and last traded at $5.2560. Approximately 2,056,793 shares were traded during trading, a decline of 36% from the average daily volume of 3,196,529 shares. The stock had previously closed at $4.82.

ULCC has been the topic of several other research reports. Citigroup started coverage on Frontier Group in a report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 price objective for the company. Bank of America reiterated an “underperform” rating and set a $4.00 price target (down previously from $5.00) on shares of Frontier Group in a research note on Tuesday. UBS Group restated a “neutral” rating and issued a $6.00 price objective (up from $4.00) on shares of Frontier Group in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a report on Monday, December 29th. Finally, Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.38.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 82,627 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $477,584.06. Following the sale, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at $3,652,012.08. This trade represents a 11.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 77,312 shares in the company, valued at $463,872. The trade was a 6.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 305,000 shares of company stock worth $1,670,444. 48.00% of the stock is owned by corporate insiders.

Institutional Trading of Frontier Group

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

Frontier Group Stock Performance

The company’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.46. The company has a market cap of $1.21 billion, a P/E ratio of -8.63 and a beta of 2.55. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, meeting the consensus estimate of ($0.34). The business had revenue of $886.00 million during 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 business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) earnings per share. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. As a group, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

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.