Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Consensus Recommendation of “Reduce” by Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has received a consensus rating of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.0714.

A number of equities analysts have commented on ULCC shares. Citigroup boosted their price target on shares of Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. UBS Group cut their price target on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Susquehanna boosted their price target on shares of Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th.

Insider Activity at Frontier Group

In other Frontier Group news, CAO Josh A. Wetzel sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $4.75, for a total value of $64,125.00. Following the completion of the transaction, the chief accounting officer owned 12,061 shares of the company’s stock, valued at $57,289.75. The trade was a 52.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Trevor J. Stedke sold 83,110 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $5.41, for a total transaction of $449,625.10. Following the completion of the sale, the vice president owned 167,277 shares of the company’s stock, valued at approximately $904,968.57. The trade was a 33.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 111,670 shares of company stock worth $603,756 in the last 90 days. 48.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds have recently made changes to their positions in ULCC. U S Global Investors Inc. lifted 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 worth $23,938,000 after acquiring an additional 2,643,448 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $5,387,000. Mountaineer Partners Management LLC bought a new stake in shares of Frontier Group in the 4th quarter worth approximately $4,490,000. 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, HRT Financial LP lifted its holdings in shares of Frontier Group by 932.1% in the 4th quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after acquiring an additional 738,228 shares during the last quarter.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $7.22 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.75. Frontier Group has a 12 month low of $3.02 and a 12 month high of $7.24. The stock has a market cap of $1.66 billion, a P/E ratio of -4.51 and a beta of 2.60. The company has a 50 day moving average of $5.05 and a 200 day moving average of $4.79.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned ($0.19) EPS. The business’s quarterly revenue 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. As a group, sell-side analysts forecast that Frontier Group will post -1.01 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.