PDT Partners LLC Takes Position in Frontier Group Holdings, Inc. $ULCC

PDT Partners LLC acquired a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 200,498 shares of the company’s stock, valued at approximately $1,586,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Frontier Group in the second quarter worth $47,205,000. U S Global Investors Inc. lifted its holdings in Frontier Group by 63.9% during the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after purchasing an additional 2,643,448 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Frontier Group during the 2nd quarter worth about $5,387,000. Mountaineer Partners Management LLC bought a new position in Frontier Group in the 4th quarter worth about $4,490,000. Finally, Bank of America Corp DE boosted its stake in Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after purchasing an additional 852,798 shares during the period.

Insiders Place Their Bets

In other Frontier Group news, CFO Mark Christopher Mitchell sold 125,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total value of $1,011,250.00. Following the completion of the transaction, the chief financial officer directly owned 53,785 shares in the company, valued at approximately $435,120.65. This represents a 69.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard Diamond sold 24,195 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $8.25, for a total transaction of $199,608.75. Following the completion of the sale, the executive vice president directly owned 133,126 shares of the company’s stock, valued at approximately $1,098,289.50. This represents a 15.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,053,742 shares of company stock valued at $87,051,587 over the last quarter. 48.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ULCC has been the topic of several analyst reports. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Susquehanna boosted their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Barclays upped their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. UBS Group increased their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $6.86.

Frontier Group Stock Performance

NASDAQ ULCC opened at $5.97 on Thursday. The stock has a market cap of $1.37 billion, a P/E ratio of -3.55 and a beta of 2.59. Frontier Group Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.40. The stock has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $5.38. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The business’s revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.31) earnings per share. 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, analysts forecast that Frontier Group Holdings, Inc. will post -0.34 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.