State of Wyoming Purchases Shares of 116,887 Frontier Group Holdings, Inc. $ULCC

State of Wyoming bought a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 116,887 shares of the company’s stock, valued at approximately $925,000. State of Wyoming owned about 0.05% of Frontier Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Frontier Group in the third quarter valued at approximately $27,000. Atlas Wealth LLC acquired a new position in shares of Frontier Group during the 1st quarter worth approximately $33,000. Quarry LP acquired a new position in shares of Frontier Group during the 4th quarter worth approximately $34,000. Brooklyn Investment Group lifted its position in shares of Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Frontier Group during the first quarter worth $60,000.

Frontier Group Stock Performance

Frontier Group stock opened at $6.69 on Friday. The firm has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $5.34. Frontier Group Holdings, Inc. has a 1-year low of $3.02 and a 1-year high of $8.40. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -3.98 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned ($0.31) earnings per share. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. 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. On average, analysts expect that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Citigroup boosted their price objective 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 raised Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Zacks Research upgraded Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group raised their target price on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. One equities 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’s stock. Based on data from MarketBeat.com, Frontier Group currently has an average rating of “Reduce” and an average price target of $6.86.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, CFO Mark Christopher Mitchell sold 125,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the sale, the chief financial officer directly owned 53,785 shares in the company, valued at $435,120.65. This represents a 69.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alexandre Clerc sold 3,068 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.17, for a total value of $25,065.56. Following the completion of the sale, the senior vice president owned 37,488 shares in the company, valued at approximately $306,276.96. The trade was a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,067,242 shares of company stock valued at $87,115,712. Corporate insiders own 48.00% of the company’s stock.

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.