Frontier Group (NASDAQ:ULCC) Shares Climb 11.5% – Here’s What Happened

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) traded up 11.5% during mid-day trading on Tuesday. The stock traded as high as $5.46 and last traded at $5.4770. Approximately 2,282,836 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 4,138,445 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

A number of analysts have commented on ULCC shares. Susquehanna cut their price target on shares of Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Barclays lowered their price objective 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. Zacks Research downgraded Frontier Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. UBS Group dropped their price objective on Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Finally, Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Frontier Group currently has an average rating of “Reduce” and a consensus price target of $6.29.

Frontier Group Price Performance

The stock has a market capitalization of $1.26 billion, a P/E ratio of -3.25 and a beta of 2.64. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. The business has a fifty day simple moving average of $5.71 and a 200-day simple moving average of $5.41.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.37. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. Frontier Group’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.31) EPS. 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. Sell-side analysts expect that Frontier Group Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In related news, CFO Mark Mitchell sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the transaction, the senior vice president directly owned 79,675 shares in the company, valued at approximately $478,050. This trade represents a 8.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 349,662 shares of company stock valued at $2,786,452. 48.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds have recently added to or reduced their stakes in ULCC. BlackRock Inc. bought a new stake in shares of Frontier Group during the second quarter valued at approximately $47,205,000. U S Global Investors Inc. lifted its holdings in shares of Frontier Group by 6.1% in the 3rd quarter. U S Global Investors Inc. now owns 5,216,198 shares of the company’s stock worth $31,141,000 after purchasing an additional 301,543 shares in the last quarter. Silver Point Capital L.P. bought a new position in shares of Frontier Group in the 2nd quarter worth $12,141,850. Bank of America Corp DE bought a new position in shares of Frontier Group in the 2nd quarter worth $7,337,000. Finally, GSA Capital Partners LLP acquired a new stake in Frontier Group in the 2nd quarter valued at $4,373,000.

About Frontier Group

Frontier Group Holdings, Inc is the parent company of Frontier Airlines, an ultra-low-cost passenger airline headquartered in Denver, Colorado. The company operates a low-fare, point-to-point air transportation business, primarily serving leisure travelers and price-conscious customers.

Frontier Airlines offers scheduled flights to destinations across the United States, as well as selected locations in the Caribbean and Latin America. Its business model emphasizes low base fares with additional charges for optional services such as checked baggage, seat selection, priority boarding and other travel-related products.

Frontier Airlines traces its roots to 1994 and has expanded its network through a fleet focused largely on Airbus narrow-body aircraft.