Frontier Group (NASDAQ:ULCC) Trading Up 8% – Here’s Why

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) were up 8% during mid-day trading on Thursday . The stock traded as high as $7.01 and last traded at $7.1690. Approximately 344,812 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 4,835,290 shares. The stock had previously closed at $6.64.

Wall Street Analyst Weigh In

ULCC has been the topic of a number of research reports. Wall Street Zen lowered shares of Frontier Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. UBS Group decreased their target price on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Susquehanna raised their target price on shares of Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Citigroup raised their target price on shares of Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average target price of $5.07.

Frontier Group Price Performance

The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49. The stock’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $4.76. The firm has a market capitalization of $1.62 billion, a PE ratio of -4.41 and a beta of 2.60.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.07. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. On average, sell-side analysts forecast that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.

Insider Activity

In other news, CAO Josh A. Wetzel sold 13,500 shares of Frontier Group stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $4.75, for a total transaction of $64,125.00. Following the sale, the chief accounting officer owned 12,061 shares of the company’s stock, valued at approximately $57,289.75. The trade was a 52.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexandre Clerc sold 5,060 shares of Frontier Group stock in a transaction that occurred 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 sale, the senior vice president directly owned 47,698 shares in the company, valued at approximately $282,849.14. The trade was a 9.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 111,670 shares of company stock worth $603,756 in the last 90 days. 48.00% of the stock is owned by corporate insiders.

Institutional Trading of Frontier Group

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group during the 3rd quarter valued at approximately $27,000. Atlas Wealth LLC purchased a new stake in shares of Frontier Group during the 1st quarter valued at approximately $33,000. Quarry LP acquired a new stake in Frontier Group in the 4th quarter valued at approximately $34,000. Brooklyn Investment Group increased its holdings 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 last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Frontier Group in the 1st quarter valued at approximately $60,000.

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.