Key Points
- Frontier Group CAO Josh Wetzel sold 13,500 shares on May 21 at an average price of $4.75, trimming his ownership by 52.81% to 12,061 shares.
- The company recently reported quarterly earnings of ($0.30) per share, beating estimates, while revenue rose 16.8% year over year to $1.07 billion.
- Analyst sentiment remains cautious: the stock has an average rating of “Reduce” with an average target price of $5.07, and several firms have recently lowered or maintained neutral/hold views.
Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) CAO Josh Wetzel sold 13,500 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $4.75, for a total value of $64,125.00. Following the transaction, the chief accounting officer directly owned 12,061 shares in the company, valued at $57,289.75. The trade was a 52.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Frontier Group Stock Performance
ULCC stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44. Frontier Group Holdings, Inc. has a 1 year low of $3.02 and a 1 year high of $6.66. The company has a market cap of $1.12 billion, a P/E ratio of -3.05 and a beta of 2.41. The stock's fifty day moving average price is $3.98 and its 200-day moving average price is $4.49.
Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.37) by $0.07. The company had revenue of $1.07 billion for 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%.Frontier Group's revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600--0.45 EPS. On average, equities analysts forecast that Frontier Group Holdings, Inc. will post -1.12 earnings per share for the current year.
Analysts Set New Price Targets
ULCC has been the topic of a number of research reports. UBS Group dropped their price objective on shares of Frontier Group from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Frontier Group in a report on Tuesday. Susquehanna increased their price target on shares of Frontier Group from $3.40 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Citigroup boosted their price objective on shares of Frontier Group from $4.90 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Frontier Group has an average rating of "Reduce" and an average target price of $5.07.
View Our Latest Stock Report on Frontier Group
Institutional Investors Weigh In On Frontier Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontier Group in the third quarter worth $27,000. Quarry LP bought a new position in shares of Frontier Group during the fourth quarter worth $34,000. Atlas Wealth LLC purchased a new position in Frontier Group during the first quarter valued at $33,000. Brooklyn Investment Group increased its holdings in Frontier Group by 490.7% in the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company's stock valued at $48,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Frontier Group in the 3rd quarter valued at $49,000.
About Frontier Group
(
Get 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.
Further Reading
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