Frontier Group (NASDAQ:ULCC) Shares Gap Up After Analyst Upgrade

Frontier Group Holdings, Inc. (NASDAQ:ULCC) gapped up prior to trading on Monday after Citigroup raised their price target on the stock from $3.50 to $4.90. The stock had previously closed at $4.00, but opened at $4.33. Citigroup currently has a neutral rating on the stock. Frontier Group shares last traded at $4.2650, with a volume of 2,315,489 shares trading hands.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, February 10th. Barclays restated an “underweight” rating and issued a $4.00 price target (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. UBS Group reduced their price objective on Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, March 16th. 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. Finally, Susquehanna raised their price target on Frontier Group from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Five investment 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 has an average rating of “Reduce” and a consensus target price of $5.13.

Insider Buying and Selling at Frontier Group

In other news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 94,926 shares of the company’s stock, valued at $569,556. This trade represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.00% of the stock is currently owned by company insiders.

Key Frontier Group News

Here are the key news stories impacting Frontier Group this week:

• Positive Sentiment: Spirit Airlines shutdown creates near-term revenue/route opportunity for Frontier; management expects a revenue boost as carriers scoop up displaced capacity. CNBC: Frontier Airlines forecasts revenue boost from Spirit collapse
• Positive Sentiment: Frontier beat Q1 EPS expectations (reported -$0.30 vs. consensus -$0.37) and showed y/y revenue growth, which supports near-term investor confidence. PR Newswire: Q1 results
• Positive Sentiment: Citigroup raised its price target from $3.50 to $4.90 (neutral rating), giving the stock an analyst-driven upside signal. Benzinga: Citi raises price target
• Neutral Sentiment: Company set Q2 2026 EPS guidance at -$0.60 to -$0.45 (roughly in line with consensus), which tempers expectations but is not a positive catalyst by itself. Frontier press release / guidance
• Negative Sentiment: Management warned of sharply higher jet-fuel costs, forecasting a bigger-than-expected Q2 loss and pressuring margins — the dominant near-term negative driver for the stock. Reuters: Fuel costs surge and bigger quarterly loss
• Negative Sentiment: Coverage highlighting rising fuel expenses and a wider Q2 loss projection pushed sentiment down; some outlets note revenue misses or mixed top-line beats, underscoring execution risk as costs rise. Blockonomi: Stock dips on fuel expenses & wider Q2 loss Zacks: Q1 revenue miss

Hedge Funds Weigh In On Frontier Group

Institutional investors have recently made changes to their positions in the stock. U S Global Investors Inc. boosted its stake in shares of Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after acquiring an additional 2,643,448 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Frontier Group in the 1st quarter valued at about $368,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Frontier Group during the 1st quarter worth about $60,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Frontier Group by 237.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,463 shares of the company’s stock worth $96,000 after purchasing an additional 14,396 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Frontier Group by 29.4% during the fourth quarter. Invesco Ltd. now owns 251,047 shares of the company’s stock worth $1,182,000 after buying an additional 57,055 shares in the last quarter.

Frontier Group Trading Up 6.8%

The business’s fifty day moving average price is $3.82 and its 200 day moving average price is $4.43. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.00 billion, a PE ratio of -7.16 and a beta of 2.41.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 3.68% and a negative return on equity of 27.39%. Frontier Group’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, analysts expect that Frontier Group Holdings, Inc. will post -1.24 EPS for the current fiscal year.

Frontier Group Company 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.