Key Points
- Frontier Group SVP Alexandre Clerc sold 5,060 shares on June 2 at an average price of $5.93, for total proceeds of $30,005.80. After the sale, he still owned 47,698 shares, a 9.59% reduction in his position.
- ULCC shares were trading higher, opening at $5.85 and rising 2.6% on Friday. The stock remains well above its 50-day and 200-day moving averages, and it has ranged from $3.02 to $6.66 over the past year.
- Frontier’s latest earnings beat expectations with Q1 EPS of -$0.30 versus estimates of -$0.37 and revenue of $1.07 billion versus $1.04 billion expected. Analysts currently rate the stock a consensus “Reduce” with an average price target of $5.07.
Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) SVP Alexandre Clerc sold 5,060 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total value of $30,005.80. Following the completion of the sale, the senior vice president owned 47,698 shares of the company's stock, valued at $282,849.14. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Frontier Group Trading Up 2.6%
NASDAQ ULCC opened at $5.85 on Friday. The stock has a 50-day simple moving average of $4.44 and a 200 day simple moving average of $4.62. The company has a market capitalization of $1.34 billion, a PE ratio of -3.66 and a beta of 2.60. The company has a current ratio of 0.49, a quick ratio of 0.44 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 $6.66.
Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.07. The business had revenue of $1.07 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% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600--0.45 EPS. Research analysts forecast that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in Frontier Group by 14.1% during the third quarter. Citigroup Inc. now owns 2,824,859 shares of the company's stock worth $12,472,000 after acquiring an additional 348,739 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Frontier Group by 660.9% during the third quarter. Quantbot Technologies LP now owns 448,662 shares of the company's stock worth $1,981,000 after acquiring an additional 389,696 shares in the last quarter. Wolf Hill Capital Management LP acquired a new stake in shares of Frontier Group in the 3rd quarter valued at about $2,519,000. GSA Capital Partners LLP raised its stake in shares of Frontier Group by 2,044.4% in the 4th quarter. GSA Capital Partners LLP now owns 318,159 shares of the company's stock valued at $1,499,000 after purchasing an additional 303,322 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Frontier Group in the 1st quarter valued at about $368,000.
Analysts Set New Price Targets
A number of research firms recently commented on ULCC. Wall Street Zen upgraded Frontier Group from a "sell" rating to a "hold" rating in a report on Saturday, May 30th. UBS Group reduced their target price on 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 reiterated a "sell (d)" rating on shares of Frontier Group in a report on Tuesday, May 19th. Barclays reiterated an "underweight" rating and set a $4.00 target price (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Finally, Susquehanna lifted their target price on Frontier Group from $3.40 to $4.50 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $5.07.
Get Our Latest Research Report on Frontier Group
Frontier Group Company Profile
(
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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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