Man Group plc Makes New Investment in Frontier Group Holdings, Inc. $ULCC

Man Group plc purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,086 shares of the company’s stock, valued at approximately $989,000. Man Group plc owned approximately 0.05% of Frontier Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ULCC. Allworth Financial LP acquired a new stake in Frontier Group in the second quarter worth about $43,000. Legal & General Group Plc acquired a new position in Frontier Group during the 2nd quarter valued at about $46,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontier Group during the 3rd quarter worth about $27,000. Quarry LP bought a new stake in shares of Frontier Group during the 4th quarter worth about $34,000. Finally, Atlas Wealth LLC acquired a new stake in shares of Frontier Group in the 1st quarter worth approximately $33,000.

Insiders Place Their Bets

In other news, CFO Mark Mitchell sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the sale, the chief financial officer owned 53,785 shares in the company, valued at $435,120.65. The trade was a 69.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard Diamond sold 24,195 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $8.25, for a total transaction of $199,608.75. Following the completion of the sale, the executive vice president owned 133,126 shares of the company’s stock, valued at approximately $1,098,289.50. This trade represents a 15.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,038,682 shares of company stock valued at $86,961,581 over the last 90 days. 48.00% of the stock is owned by corporate insiders.

Frontier Group Trading Up 0.7%

Shares of NASDAQ ULCC opened at $5.74 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.40. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -3.42 and a beta of 2.57. The business has a fifty day simple moving average of $6.65 and a 200-day simple moving average of $5.38.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned ($0.31) EPS. The business’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. Sell-side analysts predict that Frontier Group Holdings, Inc. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULCC. UBS Group increased their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a 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. Weiss Ratings cut Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Citigroup boosted their price objective on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Frontier Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6.86.

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.