Frontier Group (NASDAQ:ULCC) Sets New 52-Week High – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.98 and last traded at $6.8650, with a volume of 925251 shares. The stock had previously closed at $6.25.

Analyst Ratings Changes

A number of equities research analysts recently commented on ULCC shares. Susquehanna upped their price target on shares of Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citigroup raised their price target on shares of Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Barclays restated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. Finally, Wall Street Zen cut Frontier Group from a “hold” rating to a “sell” rating in a research note on Saturday. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.07.

Frontier Group Price Performance

The company has a market cap of $1.58 billion, a PE ratio of -4.28 and a beta of 2.60. The business has a 50 day moving average of $4.73 and a 200 day moving average of $4.71. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data 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. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned ($0.19) EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, research analysts predict that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.

Insider Activity at Frontier Group

In related news, CAO Josh A. Wetzel sold 13,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.75, for a total transaction of $64,125.00. Following the transaction, the chief accounting officer owned 12,061 shares in the company, valued at $57,289.75. The trade was a 52.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alexandre Clerc sold 5,060 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $5.93, for a total transaction of $30,005.80. Following the completion of the transaction, the senior vice president directly owned 47,698 shares of the company’s stock, valued at approximately $282,849.14. The trade was a 9.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 111,670 shares of company stock worth $603,756. 48.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Citigroup Inc. increased its position in Frontier Group by 14.1% during the 3rd quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after buying an additional 348,739 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Frontier Group by 660.9% in the third quarter. Quantbot Technologies LP now owns 448,662 shares of the company’s stock worth $1,981,000 after acquiring an additional 389,696 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Frontier Group by 2,044.4% in the fourth quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock worth $1,499,000 after acquiring an additional 303,322 shares during the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of Frontier Group in the third quarter worth $2,519,000. Finally, Mountaineer Partners Management LLC bought a new position in shares of Frontier Group during the fourth quarter valued at $4,490,000.

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.