Frontier Group (NASDAQ:ULCC) Trading 12.2% Higher on Analyst Upgrade

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) shot up 12.2% during trading on Thursday after Susquehanna raised their price target on the stock from $3.40 to $4.50. Susquehanna currently has a neutral rating on the stock. Frontier Group traded as high as $5.20 and last traded at $5.3650. 1,135,525 shares were traded during mid-day trading, a decline of 76% from the average session volume of 4,803,452 shares. The stock had previously closed at $4.78.

Several other analysts have also recently commented on ULCC. UBS Group reduced their target price on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Wall Street Zen upgraded Frontier Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Barclays reissued an “underweight” rating and issued a $4.00 price target (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a research note on Tuesday, February 10th. Finally, Citigroup boosted their price target on Frontier Group from $3.50 to $4.90 and gave the company a “neutral” rating in a research note on Monday. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $5.06.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the sale, the senior vice president owned 94,926 shares of the company’s stock, valued at $569,556. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 48.00% of the company’s stock.

Institutional Trading of Frontier Group

Several institutional investors and hedge funds have recently modified their holdings of the business. U S Global Investors Inc. raised its holdings in shares of Frontier Group by 63.9% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Frontier Group by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock valued at $17,860,000 after buying an additional 209,154 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after buying an additional 852,798 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Frontier Group by 14.1% during the 3rd quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after buying an additional 348,739 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings 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 valued at $9,723,000 after buying an additional 718,147 shares in the last quarter.

Frontier Group Trading Up 12.8%

The firm has a 50-day moving average of $3.82 and a 200-day moving average of $4.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.41 and a current ratio of 0.46. The firm has a market capitalization of $1.24 billion, a P/E ratio of -3.33 and a beta of 2.41.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.07. Frontier Group had a negative return on equity of 33.96% and a negative net margin of 9.62%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned ($0.19) EPS. Frontier Group’s revenue for the quarter was up 16.8% compared to the same quarter last year. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. On average, equities research analysts anticipate that Frontier Group Holdings, Inc. will post -1.24 EPS for the current fiscal year.

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.