Voleon Capital Management LP Has $168,000 Stock Holdings in Frontier Group Holdings, Inc. $ULCC

Voleon Capital Management LP grew its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,692 shares of the company’s stock after purchasing an additional 3,335 shares during the quarter. Voleon Capital Management LP’s holdings in Frontier Group were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULCC. Byrne Asset Management LLC acquired a new position in shares of Frontier Group in the 1st quarter valued at about $35,000. Victory Capital Management Inc. acquired a new position in shares of Frontier Group in the 1st quarter valued at about $76,000. Kapitalo Investimentos Ltda acquired a new position in shares of Frontier Group in the 1st quarter valued at about $77,000. Wealth Enhancement Advisory Services LLC increased its position in Frontier Group by 71.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company’s stock valued at $78,000 after buying an additional 7,546 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Frontier Group by 46.0% during the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares during the period.

Wall Street Analysts Forecast Growth

ULCC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Bank of America dropped their price target on Frontier Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 1st. Morgan Stanley dropped their price target on Frontier Group from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Finally, UBS Group dropped their price target on Frontier Group from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.61.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $5.14 on Thursday. The company has a market cap of $1.17 billion, a PE ratio of -32.13 and a beta of 2.63. Frontier Group Holdings, Inc. has a 52 week low of $2.89 and a 52 week high of $10.26. The business has a 50 day moving average price of $4.40 and a 200-day moving average price of $4.36. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.53.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $951.92 million. Frontier Group had a negative return on equity of 12.56% and a negative net margin of 0.87%.The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Frontier Group has set its Q3 2025 guidance at -0.420–0.260 EPS. Equities analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Frontier Group Company Profile

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.