U S Global Investors Inc. Purchases 2,643,448 Shares of Frontier Group Holdings, Inc. $ULCC

U S Global Investors Inc. grew its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 63.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,781,412 shares of the company’s stock after buying an additional 2,643,448 shares during the quarter. Frontier Group accounts for approximately 2.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 7th largest holding. U S Global Investors Inc.’s holdings in Frontier Group were worth $23,938,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontier Group in the third quarter valued at approximately $27,000. Quarry LP bought a new stake in Frontier Group during the 4th quarter worth approximately $34,000. Brooklyn Investment Group grew its position in Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after acquiring an additional 9,078 shares during the last quarter. Numerai GP LLC acquired a new stake in Frontier Group during the 3rd quarter valued at $61,000. Finally, Inscription Capital LLC acquired a new stake in Frontier Group during the 4th quarter valued at $72,000.

Analysts Set New Price Targets

ULCC has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. Citigroup lifted their price target on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Susquehanna upped their price target on shares of Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, UBS Group increased their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $6.86.

Frontier Group Trading Down 9.9%

ULCC stock traded down $0.76 during trading on Friday, hitting $6.94. The company had a trading volume of 6,717,775 shares, compared to its average volume of 3,763,312. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $6.11 and a 200-day moving average price of $5.03. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.40. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -4.34 and a beta of 2.56.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, analysts predict that Frontier Group Holdings, Inc. will post -0.8 earnings per share for the current year.

Insider Transactions at Frontier Group

In other news, CAO Josh A. Wetzel sold 13,500 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was 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 of the company’s stock, valued at $57,289.75. This represents a 52.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Trevor J. Stedke sold 83,110 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $5.41, for a total value of $449,625.10. Following the completion of the transaction, the vice president owned 167,277 shares in the company, valued at approximately $904,968.57. This represents a 33.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 111,670 shares of company stock worth $603,756. 48.00% of the stock is owned by insiders.

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.