Trevor Stedke Sells 167,277 Shares of Frontier Group (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) VP Trevor Stedke sold 167,277 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $8.03, for a total transaction of $1,343,234.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Frontier Group Price Performance

ULCC traded down $0.37 during trading on Thursday, reaching $7.58. The stock had a trading volume of 3,339,362 shares, compared to its average volume of 4,728,884. The stock has a market cap of $1.75 billion, a PE ratio of -4.51 and a beta of 2.59. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. Frontier Group Holdings, Inc. has a one year low of $3.02 and a one year high of $8.40. The business has a 50-day moving average of $6.73 and a 200-day moving average of $5.25.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. During the same period in the prior year, the business posted ($0.31) earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, equities research analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in Frontier Group in the second quarter worth approximately $1,340,000. State of Wyoming bought a new position in shares of Frontier Group during the 2nd quarter valued at $925,000. GSA Capital Partners LLP bought a new position in shares of Frontier Group during the 2nd quarter valued at $4,373,000. Lazard Asset Management LLC purchased a new position in shares of Frontier Group in the 1st quarter worth $1,651,000. Finally, First Trust Advisors LP increased its position in Frontier Group by 65.7% during the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company’s stock valued at $4,162,000 after acquiring an additional 467,638 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ULCC shares. UBS Group raised their target price on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Barclays boosted their target price on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Citigroup raised their price target on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $6.86.

Frontier Group Company Profile

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.