Man Group plc Buys Shares of 125,086 Frontier Group Holdings, Inc. $ULCC

Man Group plc bought a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 125,086 shares of the company’s stock, valued at approximately $989,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in Frontier Group during the third quarter valued at approximately $27,000. Atlas Wealth LLC acquired a new position in Frontier Group in the 1st quarter valued at approximately $33,000. Quarry LP purchased a new stake in Frontier Group in the 4th quarter worth approximately $34,000. Allworth Financial LP acquired a new stake in shares of Frontier Group during the 2nd quarter valued at $43,000. Finally, Legal & General Group Plc acquired a new stake in shares of Frontier Group during the 2nd quarter valued at $46,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ULCC shares. Weiss Ratings downgraded shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Zacks Research lowered Frontier Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. 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. Finally, UBS Group lifted their price target on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Frontier Group currently has an average rating of “Reduce” and an average target price of $6.86.

Insider Activity

In other news, SVP Alexandre Clerc sold 3,068 shares of the business’s 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 directly 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $7.55, for a total transaction of $75,500.00. Following the sale, the senior vice president directly owned 87,175 shares of the company’s stock, valued at approximately $658,171.25. This represents a 10.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,038,682 shares of company stock valued at $86,961,581. Insiders own 48.00% of the company’s stock.

Frontier Group Price Performance

NASDAQ ULCC opened at $5.74 on Friday. Frontier Group Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.40. The stock’s 50-day moving average is $6.65 and its two-hundred day moving average is $5.38. The firm has a market cap of $1.32 billion, a P/E ratio of -3.42 and a beta of 2.57. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted ($0.31) EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Frontier Group Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Frontier Group 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.