Frontier Group (NASDAQ:ULCC) Trading Up 9% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC) traded up 9% on Thursday . The company traded as high as $8.09 and last traded at $8.0960. 487,059 shares changed hands during trading, a decline of 90% from the average daily volume of 4,800,340 shares. The stock had previously closed at $7.43.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ULCC shares. Susquehanna increased their price target on shares of Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on shares of Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group lifted their price target on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Barclays reiterated an “underweight” rating on shares of Frontier Group in a report on Thursday. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Frontier Group currently has a consensus rating of “Reduce” and an average target price of $5.50.

Frontier Group Trading Up 10.7%

The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -5.14 and a beta of 2.60. The business has a 50 day moving average of $5.26 and a two-hundred day moving average of $4.85. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Equities analysts predict that Frontier Group Holdings, Inc. will post -1.01 EPS for the current year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the senior vice president owned 97,175 shares of the company’s stock, valued at approximately $583,050. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Josh A. Wetzel sold 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were 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 owned 12,061 shares in the company, valued at approximately $57,289.75. The trade was a 52.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 111,670 shares of company stock worth $603,756. 48.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ULCC. Citigroup Inc. grew its position in Frontier Group by 14.1% during the third quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock worth $12,472,000 after buying an additional 348,739 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Frontier Group by 2,044.4% in the 4th quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock valued at $1,499,000 after acquiring an additional 303,322 shares during the last quarter. Quantbot Technologies LP grew its holdings in Frontier Group by 660.9% in the 3rd quarter. Quantbot Technologies LP now owns 448,662 shares of the company’s stock worth $1,981,000 after acquiring an additional 389,696 shares during the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of Frontier Group in the 3rd quarter worth approximately $2,519,000. Finally, Mountaineer Partners Management LLC purchased a new position in shares of Frontier Group during the fourth quarter valued at about $4,490,000.

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.