Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) shares were down 4.7% during mid-day trading on Tuesday . The stock traded as low as $4.68 and last traded at $4.5850. Approximately 639,030 shares changed hands during trading, a decline of 85% from the average daily volume of 4,349,958 shares. The stock had previously closed at $4.81.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on ULCC shares. Wall Street Zen cut shares of Frontier Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. UBS Group lowered their price target on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research report on Tuesday, February 10th. Susquehanna boosted their price target on shares of Frontier Group from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Bank of America reissued an “underperform” rating and set a $4.00 price target (down from $5.00) on shares of Frontier Group in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Frontier Group has a consensus rating of “Reduce” and a consensus target price of $4.93.
Read Our Latest Report on Frontier Group
Frontier Group Stock Performance
Frontier Group (NASDAQ:ULCC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The company had revenue of $997.00 million for the quarter, compared to analyst estimates of $971.35 million. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. As a group, research analysts anticipate that Frontier Group Holdings, Inc. will post -1.39 earnings per share for the current year.
Insider Activity at Frontier Group
In other news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the senior vice president directly owned 94,926 shares of the company’s stock, valued at approximately $569,556. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 48.00% of the company’s stock.
Institutional Investors Weigh In On Frontier Group
Several hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. purchased a new position in Frontier Group in the second quarter worth $5,387,000. Mountaineer Partners Management LLC purchased a new position in Frontier Group in the fourth quarter worth $4,490,000. Bank of America Corp DE raised its position in Frontier Group by 39.2% in the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after acquiring an additional 852,798 shares in the last quarter. HRT Financial LP raised its position in Frontier Group by 932.1% in the fourth quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after acquiring an additional 738,228 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Frontier Group in the fourth quarter worth $3,351,000.
About Frontier Group
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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