Frontier Group (NASDAQ:ULCC) Stock Price Up 8.9% – Time to Buy?

Frontier Group Holdings, Inc. (NASDAQ:ULCC) shares rose 8.9% during mid-day trading on Wednesday . The stock traded as high as $5.84 and last traded at $5.7850. Approximately 2,693,080 shares changed hands during trading, a decline of 45% from the average daily volume of 4,858,679 shares. The stock had previously closed at $5.31.

Analyst Upgrades and Downgrades

ULCC has been the topic of several research analyst reports. Citigroup upped their target price on shares of Frontier Group from $4.90 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research note on Tuesday, February 10th. Susquehanna upped their target price on shares of Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $5.07.

Frontier Group Stock Up 5.4%

The company’s fifty day moving average is $4.18 and its 200-day moving average is $4.55. The company has a market capitalization of $1.40 billion, a PE ratio of -3.80 and a beta of 2.41. 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 released its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.07. The company had revenue of $1.07 billion during 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, analysts predict that Frontier Group Holdings, Inc. will post -1.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Frontier Group news, VP Trevor J. Stedke sold 83,110 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $5.41, for a total transaction of $449,625.10. Following the completion of the sale, the vice president directly owned 167,277 shares of the company’s stock, valued at $904,968.57. This trade represents a 33.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Josh A. Wetzel sold 13,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $4.75, for a total transaction of $64,125.00. Following the completion of the transaction, the chief accounting officer directly owned 12,061 shares of the company’s stock, valued at approximately $57,289.75. This trade represents a 52.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ULCC. U S Global Investors Inc. grew its holdings in shares of Frontier Group by 63.9% in the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Frontier Group in the second quarter worth $5,387,000. Mountaineer Partners Management LLC bought a new stake in Frontier Group in the fourth quarter worth $4,490,000. Bank of America Corp DE lifted its position in Frontier Group by 39.2% in the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after buying an additional 852,798 shares during the last quarter. Finally, HRT Financial LP lifted its position in Frontier Group by 932.1% in the fourth quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after buying an additional 738,228 shares during the last quarter.

About Frontier Group

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.