Insider Selling: Frontier Group (NASDAQ:ULCC) Major Shareholder Sells $84,240,000.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of Frontier Group stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $7.20, for a total value of $84,240,000.00. Following the transaction, the insider directly owned 22,706,526 shares in the company, valued at $163,486,987.20. The trade was a 34.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Frontier Group Trading Down 5.3%

Shares of NASDAQ ULCC traded down $0.37 during trading on Monday, reaching $6.57. The company had a trading volume of 6,124,286 shares, compared to its average volume of 4,776,034. The stock has a market cap of $1.51 billion, a P/E ratio of -4.11 and a beta of 2.56. The company’s fifty day moving average price is $6.11 and its 200-day moving average price is $5.03. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.40.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, research analysts expect that Frontier Group Holdings, Inc. will post -0.8 earnings per share for the current year.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently added to or reduced their stakes in ULCC. SG Americas Securities LLC boosted its holdings in shares of Frontier Group by 4.5% during the 4th quarter. SG Americas Securities LLC now owns 115,962 shares of the company’s stock worth $546,000 after buying an additional 4,995 shares in the last quarter. Straightline Group LLC increased its stake in shares of Frontier Group by 9.5% in the 4th quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock valued at $285,000 after acquiring an additional 5,232 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after acquiring an additional 5,913 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frontier Group during the 3rd quarter valued at $27,000. Finally, Victory Capital Management Inc. lifted its position in shares of Frontier Group by 9.5% during the 3rd quarter. Victory Capital Management Inc. now owns 70,382 shares of the company’s stock valued at $311,000 after acquiring an additional 6,108 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on ULCC. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. UBS Group upped their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Barclays increased their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Citigroup lifted their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Susquehanna boosted their target price on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.86.

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.