Key Points
- Frontier Group major shareholder Group Holdings - Frontier Llc sold 11.7 million shares on July 9 at an average price of $7.20, totaling about $84.24 million. The sale reduced its stake by 34.01%, though it still owned 22.7 million shares afterward.
- Frontier’s stock was trading near its recent high, opening at $6.57 with a 52-week range of $3.02 to $8.40. The company’s market cap was about $1.51 billion, and its shares have been volatile with a beta of 2.56.
- Analysts remain cautious on ULCC, with a consensus rating of “Reduce” and an average price target of $6.86. Recent reports included multiple target raises to $7.00, but ratings were mostly Hold or Sell.
Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) major shareholder Group Holdings - Frontier Llc sold 11,700,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $7.20, for a total value of $84,240,000.00. Following the completion of the transaction, the insider owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. The trade was a 34.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Frontier Group Price Performance
Shares of NASDAQ ULCC opened at $6.57 on Tuesday. The stock's 50-day simple moving average is $6.17 and its 200-day simple moving average is $5.05. The firm has a market capitalization of $1.51 billion, a PE ratio of -4.11 and a beta of 2.56. Frontier Group Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.40. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49.
Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.37) by $0.07. The firm 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same period 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. As a group, equities research analysts forecast that Frontier Group Holdings, Inc. will post -0.8 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ULCC has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Frontier Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 21st. Barclays increased their price target on shares of Frontier Group from $4.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. Susquehanna raised their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Frontier Group in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $6.86.
Read Our Latest Stock Analysis on Frontier Group
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of Frontier Group by 46.0% in the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company's stock valued at $81,000 after purchasing an additional 5,913 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Frontier Group by 33.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock worth $4,398,000 after purchasing an additional 251,509 shares during the period. Rhumbline Advisers grew its position in Frontier Group by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 117,984 shares of the company's stock valued at $428,000 after buying an additional 7,791 shares during the last quarter. Invesco Ltd. grew its position in Frontier Group by 35.1% in the 2nd quarter. Invesco Ltd. now owns 108,806 shares of the company's stock valued at $395,000 after buying an additional 28,256 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Frontier Group in the 2nd quarter valued at $477,000.
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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