Frontier Group Holdings, Inc. $ULCC Shares Sold by U S Global Investors Inc.

by · The Markets Daily

U S Global Investors Inc. cut its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Free Report) by 26.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,563,345 shares of the company’s stock after selling 1,641,517 shares during the quarter. Frontier Group makes up 2.3% of U S Global Investors Inc.’s portfolio, making the stock its 10th largest holding. U S Global Investors Inc. owned about 2.00% of Frontier Group worth $20,147,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in Frontier Group by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock valued at $4,398,000 after buying an additional 251,509 shares in the last quarter. Petrus Trust Company LTA bought a new position in shares of Frontier Group in the first quarter valued at approximately $219,000. American Century Companies Inc. raised its stake in shares of Frontier Group by 47.7% in the second quarter. American Century Companies Inc. now owns 1,145,039 shares of the company’s stock valued at $4,156,000 after acquiring an additional 370,051 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Frontier Group by 15.8% in the 1st quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock worth $350,000 after acquiring an additional 11,009 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Frontier Group by 24.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock worth $7,481,000 after acquiring an additional 410,392 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Susquehanna boosted their price objective on Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Citigroup initiated coverage on Frontier Group in a report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 price target for the company. Seaport Res Ptn raised shares of Frontier Group to a “hold” rating in a report on Thursday, September 25th. Morgan Stanley lowered their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Finally, UBS Group reiterated a “neutral” rating and set a $6.00 target price (up from $4.00) on shares of Frontier Group in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.25.

Read Our Latest Report on Frontier Group

Insiders Place Their Bets

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the sale, the senior vice president owned 77,312 shares in the company, valued at approximately $463,872. The trade was a 6.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Barry Biffle sold 82,627 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total value of $477,584.06. Following the completion of the transaction, the chief executive officer directly owned 631,836 shares in the company, valued at approximately $3,652,012.08. This trade represents a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 305,000 shares of company stock valued at $1,670,444 in the last ninety days. Company insiders own 48.00% of the company’s stock.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC opened at $4.57 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. Frontier Group Holdings, Inc. has a 1-year low of $2.89 and a 1-year high of $10.26. The stock has a market capitalization of $1.05 billion, a P/E ratio of -7.49 and a beta of 2.55. The business has a 50-day moving average price of $4.50 and a two-hundred day moving average price of $4.43.

Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.34). The company had revenue of $886.00 million for the quarter, compared to analyst estimates of $900.07 million. Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Equities analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Frontier Group Company Profile

(Free Report)

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.

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