Frontier Group (NASDAQ:ULCC) Shares Up 9.9% – Time to Buy?

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) traded up 9.9% during trading on Tuesday. The company traded as high as $4.88 and last traded at $5.0670. Approximately 458,117 shares traded hands during trading, a decline of 89% from the average daily volume of 4,159,499 shares. The stock had previously closed at $4.61.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Susquehanna decreased their price objective on shares of Frontier Group from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. UBS Group dropped their target price on Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Barclays cut their target price on Frontier Group from $7.00 to $5.00 and set an “underweight” rating for the company in a research report on Friday, September 11th. Finally, Zacks Research lowered Frontier Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.29.

Frontier Group Trading Up 6.6%

The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The business has a fifty day moving average of $5.87 and a 200-day moving average of $5.78. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.93 and a beta of 2.64.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned ($0.31) EPS. Frontier Group’s revenue was up 37.7% on a year-over-year basis. 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 -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Howard Diamond sold 24,195 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $8.25, for a total value of $199,608.75. Following the sale, the executive vice president directly owned 133,126 shares in the company, valued at $1,098,289.50. The trade was a 15.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mitchell sold 125,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 53,785 shares of the company’s stock, valued at approximately $435,120.65. This represents a 69.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 349,662 shares of company stock worth $2,786,452. Company insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently modified their holdings of ULCC. Sequoia Financial Advisors LLC purchased a new position in shares of Frontier Group in the second quarter worth approximately $116,000. Engineers Gate Manager LP lifted its position in shares of Frontier Group by 21.0% in the 2nd quarter. Engineers Gate Manager LP now owns 185,048 shares of the company’s stock valued at $1,464,000 after acquiring an additional 32,082 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Frontier Group in the 2nd quarter worth approximately $28,000. Squarepoint Ops LLC boosted its stake in Frontier Group by 247.6% in the 2nd quarter. Squarepoint Ops LLC now owns 266,000 shares of the company’s stock worth $2,104,000 after purchasing an additional 189,469 shares during the period. Finally, AXQ Capital LP purchased a new position in Frontier Group during the 2nd quarter worth approximately $470,000.

About Frontier Group

Frontier Group Holdings, Inc is the parent company of Frontier Airlines, an ultra-low-cost passenger airline headquartered in Denver, Colorado. Frontier Airlines operates a low-fare business model that separates base airfare from optional services, allowing customers to pay for add-ons such as checked baggage, seat selection, priority services and other travel options.

Frontier Airlines serves a broad network of destinations across the United States, as well as selected locations in Mexico, the Caribbean and Central America.