Primecap Management Co. CA Increases Stock Position in Frontier Group Holdings, Inc. $ULCC

Primecap Management Co. CA raised its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 96.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 854,900 shares of the company’s stock after acquiring an additional 420,600 shares during the period. Primecap Management Co. CA’s holdings in Frontier Group were worth $3,103,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ULCC. Victory Capital Management Inc. acquired a new stake in Frontier Group in the 1st quarter valued at approximately $76,000. Kapitalo Investimentos Ltda purchased a new position in shares of Frontier Group during the first quarter worth $77,000. XTX Topco Ltd boosted its position in shares of Frontier Group by 69.0% during the first quarter. XTX Topco Ltd now owns 30,676 shares of the company’s stock worth $133,000 after buying an additional 12,528 shares during the period. Deutsche Bank AG grew its stake in shares of Frontier Group by 2,201.8% in the first quarter. Deutsche Bank AG now owns 585,888 shares of the company’s stock valued at $2,543,000 after buying an additional 560,434 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Frontier Group by 15.8% in the 1st quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock valued at $350,000 after buying an additional 11,009 shares during the period.

Wall Street Analysts Forecast Growth

ULCC has been the subject of a number of research analyst reports. Susquehanna raised their target price on Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. UBS Group increased their price target on shares of Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.13.

Frontier Group Stock Down 0.3%

Shares of NASDAQ:ULCC opened at $3.74 on Friday. The firm’s 50 day moving average price is $4.33 and its 200 day moving average price is $4.21. The stock has a market cap of $856.27 million, a price-to-earnings ratio of -6.13 and a beta of 2.57. Frontier Group Holdings, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $10.26. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The company had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $900.07 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue was down 5.2% on a year-over-year basis. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. As a group, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.