Primecap Management Co. CA Acquires New Holdings in Frontier Group Holdings, Inc. $ULCC

Primecap Management Co. CA bought a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 494,900 shares of the company’s stock, valued at approximately $3,915,000.

A number of other large investors also recently bought and sold shares of ULCC. U S Global Investors Inc. increased its position 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. BlackRock Inc. purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $47,205,000. Dimensional Fund Advisors LP lifted its holdings in shares of Frontier Group by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after acquiring an additional 209,154 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after acquiring an additional 852,798 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Frontier Group by 48.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after purchasing an additional 718,147 shares during the period.

Insiders Place Their Bets

In related news, CFO Mark Christopher Mitchell sold 125,000 shares of Frontier Group stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $8.09, for a total value of $1,011,250.00. Following the completion of the transaction, the chief financial officer directly owned 53,785 shares in the company, valued at approximately $435,120.65. This trade represents a 69.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president owned 97,175 shares of the company’s stock, valued at approximately $583,050. This trade represents a 9.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,053,742 shares of company stock valued at $87,051,587. Corporate insiders own 48.00% of the company’s stock.

Wall Street Analyst Weigh In

ULCC has been the subject of several research reports. Zacks Research upgraded shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Susquehanna upped their price target on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Barclays lifted their price objective on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Finally, UBS Group boosted their price objective on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $6.86.

Frontier Group Stock Performance

NASDAQ ULCC opened at $5.97 on Thursday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -3.55 and a beta of 2.59. The firm has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $5.38. Frontier Group Holdings, Inc. has a one year low of $3.02 and a one year high of $8.40.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) EPS. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. Equities research analysts anticipate that Frontier Group Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Frontier Group 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.