Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives $6.86 Consensus Target Price from Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given an average rating of “Reduce” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.8571.

ULCC has been the topic of several recent research reports. Zacks Research cut Frontier Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings downgraded Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Susquehanna boosted their target price on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Barclays upped their price target on shares of Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st.

Insider Activity

In other news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $7.55, for a total value of $75,500.00. Following the completion of the sale, the senior vice president directly owned 87,175 shares in the company, valued at approximately $658,171.25. The trade was a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,011,250.00. Following the completion of the sale, the chief financial officer owned 53,785 shares of the company’s stock, valued at approximately $435,120.65. This trade represents a 69.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,038,682 shares of company stock worth $86,961,581. Insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULCC. BlackRock Inc. acquired a new stake in shares of Frontier Group during the 2nd quarter worth $47,205,000. U S Global Investors Inc. raised its stake in Frontier Group by 63.9% in the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares in the last quarter. Silver Point Capital L.P. acquired a new position in Frontier Group in the second quarter valued at about $12,141,850. Balyasny Asset Management L.P. bought a new stake in Frontier Group during the second quarter worth about $5,387,000. Finally, Mountaineer Partners Management LLC bought a new stake in Frontier Group during the fourth quarter worth about $4,490,000.

Frontier Group Trading Up 0.7%

Shares of NASDAQ:ULCC opened at $5.74 on Friday. Frontier Group has a 12-month low of $3.02 and a 12-month high of $8.40. The stock has a market cap of $1.32 billion, a PE ratio of -3.42 and a beta of 2.57. The business has a 50 day moving average of $6.65 and a 200-day moving average of $5.38. 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 (NASDAQ:ULCC) last posted its earnings results on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.37. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business 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, equities research analysts forecast that Frontier Group will post -0.34 earnings per share for the current year.

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.