Quantbot Technologies LP Purchases Shares of 112,221 Frontier Group Holdings, Inc. $ULCC

Quantbot Technologies LP purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 112,221 shares of the company’s stock, valued at approximately $888,000.

A number of other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontier Group in the third quarter worth about $27,000. Atlas Wealth LLC purchased a new stake in Frontier Group in the 1st quarter worth approximately $33,000. Quarry LP bought a new stake in shares of Frontier Group in the 4th quarter worth approximately $34,000. Allworth Financial LP bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $43,000. Finally, Brooklyn Investment Group increased its stake in shares of Frontier Group by 490.7% during the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna raised 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. Zacks Research upgraded shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Barclays lifted their price objective on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, UBS Group upped their price target on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Frontier Group has a consensus rating of “Reduce” and an average target price of $6.86.

Frontier Group Stock Performance

Shares of ULCC opened at $5.97 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock has a market cap of $1.37 billion, a P/E ratio of -3.55 and a beta of 2.59. The business’s 50 day moving average price is $6.85 and its 200-day moving average price is $5.38. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.40.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the company 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 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, June 5th. The stock was 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 $583,050. The trade was a 9.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $7.20, for a total transaction of $84,240,000.00. Following the completion of the transaction, the insider owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. The trade was a 34.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,053,742 shares of company stock valued at $87,051,587. 48.00% of the stock is currently owned by insiders.

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.