Landscape Capital Management L.L.C. Takes Position in Frontier Group Holdings, Inc. $ULCC

Landscape Capital Management L.L.C. acquired a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 249,973 shares of the company’s stock, valued at approximately $1,977,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Straightline Group LLC lifted its stake in Frontier Group by 9.5% in the fourth quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock worth $285,000 after purchasing an additional 5,232 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Frontier Group in the second quarter worth about $43,000. AQR Capital Management LLC lifted its stake in shares of Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after acquiring an additional 5,913 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Frontier Group during the 3rd quarter valued at about $27,000. Finally, Victory Capital Management Inc. boosted its holdings in Frontier Group by 9.5% during the 3rd quarter. Victory Capital Management Inc. now owns 70,382 shares of the company’s stock valued at $311,000 after acquiring an additional 6,108 shares during the period.

Insider Activity

In related news, CFO Mark Christopher Mitchell sold 125,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were 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 $435,120.65. This trade represents a 69.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alexandre Clerc sold 3,068 shares of Frontier Group stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $8.17, for a total transaction of $25,065.56. Following the transaction, the senior vice president directly owned 37,488 shares of the company’s stock, valued at approximately $306,276.96. This trade represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 12,053,742 shares of company stock worth $87,051,587. 48.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group raised 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. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Citigroup increased their price objective on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings cut shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Finally, Susquehanna lifted their target price on shares of Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Frontier Group presently has an average rating of “Reduce” and an average price target of $6.86.

Frontier Group Stock Up 3.5%

ULCC stock opened at $5.96 on Friday. Frontier Group Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.40. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -3.55 and a beta of 2.59. The business’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $5.38. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58.

Frontier Group (NASDAQ:ULCC) last issued its quarterly 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 company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned ($0.31) earnings per share. 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, analysts forecast that Frontier Group Holdings, Inc. will post -0.29 earnings per share 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.