Frontier Group (NASDAQ:ULCC) Stock Price Down 10.7% – Here’s What Happened

by · The Cerbat Gem

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) traded down 10.7% during trading on Wednesday. The stock traded as low as $5.01 and last traded at $4.9850. Approximately 1,919,554 shares traded hands during trading, a decline of 54% from the average session volume of 4,177,494 shares. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup increased their price objective on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. UBS Group decreased their price target 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. Susquehanna decreased their price target on Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Barclays lowered their price target on Frontier Group from $7.00 to $5.00 and set an “underweight” rating for the company in a report on Friday, September 11th. Finally, Zacks Research downgraded Frontier Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $6.29.

View Our Latest Report on ULCC

Frontier Group Stock Up 3.1%

The business’s 50 day moving average price is $5.97 and its 200-day moving average price is $5.76. 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 firm has a market capitalization of $1.16 billion, a PE ratio of -2.99 and a beta of 2.64.

Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted ($0.31) EPS. The firm’s quarterly 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. As a group, equities research analysts forecast that Frontier Group Holdings, Inc. will post -0.47 earnings per share for the current year.

Insider Buying and Selling

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 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 $435,120.65. This represents a 69.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexandre Clerc sold 7,142 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $7.13, for a total transaction of $50,922.46. Following the sale, the senior vice president directly owned 40,556 shares in the company, valued at approximately $289,164.28. The trade was a 14.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 349,662 shares of company stock worth $2,786,452 over the last 90 days. 48.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Frontier Group during the second quarter worth $47,205,000. U S Global Investors Inc. boosted its holdings in 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 during the period. Silver Point Capital L.P. purchased a new position in Frontier Group in the second quarter valued at $12,141,850. Bank of America Corp DE purchased a new position in Frontier Group in the second quarter valued at $7,337,000. Finally, GSA Capital Partners LLP acquired a new position in Frontier Group during the 2nd quarter worth $4,373,000.

About Frontier Group

(Get Free Report)

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.

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