Frontier Group (NASDAQ:ULCC) Stock Price Up 11.8% – Here’s Why

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price traded up 11.8% during trading on Monday . The company traded as high as $7.47 and last traded at $7.5450. 561,026 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,707,310 shares. The stock had previously closed at $6.75.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Weiss Ratings downgraded Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. UBS Group increased their price target on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Citigroup raised their price target on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Zacks Research upgraded Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $6.86.

Frontier Group Stock Up 3.9%

The firm’s 50 day moving average price is $6.69 and its 200-day moving average price is $5.23. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. The company has a market cap of $1.84 billion, a P/E ratio of -4.76 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted ($0.31) earnings per share. Frontier Group’s revenue for the quarter was up 37.7% compared to the same quarter last year. 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. As a group, equities research analysts expect that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Insider Activity at Frontier Group

In other Frontier Group news, VP Trevor J. Stedke sold 83,110 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were 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 in the company, valued at approximately $904,968.57. The trade was a 33.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $7.20, for a total value of $84,240,000.00. Following the completion of the transaction, the insider directly owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. This trade represents a 34.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 11,831,880 shares of company stock worth $84,995,244. 48.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently modified their holdings of ULCC. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontier Group in the 3rd quarter valued at approximately $27,000. Quarry LP bought a new position in Frontier Group during the 4th quarter worth approximately $34,000. Atlas Wealth LLC acquired a new position in Frontier Group during the first quarter valued at approximately $33,000. Brooklyn Investment Group grew its holdings in 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 purchasing an additional 9,078 shares during the period. Finally, Numerai GP LLC bought a new stake in Frontier Group in the third quarter valued at approximately $61,000.

Frontier Group Company 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.