Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) dropped 4.7% during trading on Tuesday . The company traded as low as $4.68 and last traded at $4.5850. Approximately 639,030 shares traded hands during trading, a decline of 85% from the average daily volume of 4,349,958 shares. The stock had previously closed at $4.81.
Analyst Upgrades and Downgrades
ULCC has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a report on Monday, December 29th. Citigroup lowered their price objective on Frontier Group from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, March 20th. Barclays restated an “underweight” rating and issued a $4.00 price target (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. UBS Group decreased their price target on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Finally, Bank of America reiterated an “underperform” rating and set a $4.00 target price (down from $5.00) on shares of Frontier Group in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Frontier Group presently has an average rating of “Reduce” and an average target price of $4.93.
Check Out Our Latest Analysis on ULCC
Frontier Group Stock Down 10.5%
Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.13. The business had revenue of $997.00 million for the quarter, compared to analyst estimates of $971.35 million. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. Frontier Group’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. As a group, equities analysts predict that Frontier Group Holdings, Inc. will post -1.39 EPS for the current fiscal year.
Insider Activity at Frontier Group
In related news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the sale, the senior vice president directly owned 94,926 shares in the company, valued at $569,556. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 48.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ULCC. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontier Group during the 3rd quarter worth approximately $27,000. Quarry LP bought a new stake in Frontier Group in the 4th quarter valued at $34,000. Brooklyn Investment Group boosted its stake in Frontier Group by 490.7% in the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after purchasing an additional 9,078 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Frontier Group during the 3rd quarter valued at $49,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Frontier Group by 2,439.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,366 shares of the company’s stock valued at $61,000 after acquiring an additional 11,879 shares during the period.
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.
Further Reading
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