Los Angeles Capital Management LLC Sells 158,587 Shares of Frontier Group Holdings, Inc. $ULCC

Los Angeles Capital Management LLC decreased its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 38.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,780 shares of the company’s stock after selling 158,587 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Frontier Group were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. CWM LLC boosted its position in shares of Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after acquiring an additional 6,253 shares during the last quarter. Baron Wealth Management LLC purchased a new stake in Frontier Group during the second quarter valued at $37,000. MQS Management LLC bought a new position in Frontier Group during the second quarter valued at $37,000. May Hill Capital LLC bought a new position in Frontier Group during the second quarter valued at $42,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Frontier Group in the 1st quarter worth $76,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on ULCC shares. Weiss Ratings restated a “sell (e+)” rating on shares of Frontier Group in a research report on Wednesday, October 8th. Seaport Res Ptn raised Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Susquehanna raised their price objective on Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. Finally, UBS Group raised their price target on Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Frontier Group has an average rating of “Hold” and a consensus target price of $6.13.

Frontier Group Stock Down 0.2%

Shares of NASDAQ:ULCC opened at $4.05 on Friday. The firm has a market capitalization of $927.25 million, a PE ratio of -6.64 and a beta of 2.57. The business has a 50 day simple moving average of $4.48 and a two-hundred day simple moving average of $4.19. Frontier Group Holdings, Inc. has a 1 year low of $2.89 and a 1 year high of $10.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36.

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

Frontier Group Company Profile

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.