Ancient Art L.P. Has $16.88 Million Stake in Frontier Group Holdings, Inc. $ULCC

Ancient Art L.P. lessened its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,583,803 shares of the company’s stock after selling 700,000 shares during the period. Frontier Group comprises 3.8% of Ancient Art L.P.’s portfolio, making the stock its 7th biggest holding. Ancient Art L.P.’s holdings in Frontier Group were worth $16,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in Frontier Group by 14.1% in the third quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock worth $12,472,000 after purchasing an additional 348,739 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Frontier Group by 660.9% in the third quarter. Quantbot Technologies LP now owns 448,662 shares of the company’s stock valued at $1,981,000 after purchasing an additional 389,696 shares in the last quarter. GSA Capital Partners LLP increased its holdings 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 valued at $1,499,000 after purchasing an additional 303,322 shares in the last quarter. Wolf Hill Capital Management LP acquired a new stake in shares of Frontier Group in the third quarter valued at approximately $2,519,000. Finally, Mountaineer Partners Management LLC acquired a new stake in Frontier Group during the 4th quarter worth $4,490,000.

Wall Street Analyst Weigh In

A number of analysts have commented on ULCC shares. Barclays reaffirmed an “underweight” rating and set a $4.00 target price (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Susquehanna lifted their target price on Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup upped their target price on Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. Finally, UBS Group cut their target price on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Frontier Group presently has an average rating of “Reduce” and a consensus target price of $5.07.

Frontier Group Stock Up 2.0%

Shares of ULCC opened at $6.64 on Thursday. The firm’s 50 day moving average is $4.91 and its 200-day moving average is $4.76. The stock has a market capitalization of $1.53 billion, a PE ratio of -4.15 and a beta of 2.60. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.75. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $7.11.

Frontier Group (NASDAQ:ULCC) last announced 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 analysts’ expectations of $1.04 billion. During the same period last year, the firm posted ($0.19) earnings per share. The firm’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. Equities research analysts forecast that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.

Insider Activity at Frontier Group

In other news, SVP Alexandre Clerc sold 5,060 shares of Frontier Group stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total transaction of $30,005.80. Following the transaction, the senior vice president owned 47,698 shares in the company, valued at approximately $282,849.14. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president owned 97,175 shares in the company, valued at approximately $583,050. This trade represents a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 111,670 shares of company stock worth $603,756. 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.