Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report)’s stock price traded up 9.1% on Wednesday . The company traded as high as $5.30 and last traded at $5.3580. 2,452,505 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 3,569,501 shares. The stock had previously closed at $4.91.
Wall Street Analyst Weigh In
ULCC has been the subject of several recent analyst reports. Susquehanna boosted their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. UBS Group reaffirmed a “neutral” rating and issued a $6.00 price target (up from $4.00) on shares of Frontier Group in a report on Friday, December 12th. Bank of America reiterated an “underperform” rating and set a $4.00 price objective (down previously from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Citigroup assumed coverage on Frontier Group in a research report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 price objective for the company. Finally, Morgan Stanley reduced their target price on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.38.
Get Our Latest Stock Analysis on ULCC
Frontier Group Stock Up 1.4%
Frontier Group (NASDAQ:ULCC – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The firm had revenue of $886.00 million during the quarter, compared to the consensus estimate of $900.07 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. On average, equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.
Insiders Place Their Bets
In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the sale, the senior vice president directly owned 77,312 shares of the company’s stock, valued at approximately $463,872. This trade represents a 6.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Barry Biffle sold 82,627 shares of Frontier Group stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $5.78, for a total value of $477,584.06. Following the transaction, the chief executive officer owned 631,836 shares of the company’s stock, valued at $3,652,012.08. The trade was a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 305,000 shares of company stock worth $1,670,444 in the last quarter. Company insiders own 48.00% of the company’s stock.
Institutional Trading of Frontier Group
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in Frontier Group by 4.5% during the fourth quarter. SG Americas Securities LLC now owns 115,962 shares of the company’s stock valued at $546,000 after acquiring an additional 4,995 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontier Group during the 3rd quarter worth approximately $27,000. XTX Topco Ltd increased its holdings in shares of Frontier Group by 12.5% during the 3rd quarter. XTX Topco Ltd now owns 138,878 shares of the company’s stock valued at $613,000 after purchasing an additional 15,393 shares in the last quarter. Voleon Capital Management LP lifted its stake in shares of Frontier Group by 242.8% in the 3rd quarter. Voleon Capital Management LP now owns 715,417 shares of the company’s stock valued at $3,159,000 after purchasing an additional 506,704 shares during the period. Finally, Prentice Capital Management LP lifted its stake in shares of Frontier Group by 596.1% in the 3rd quarter. Prentice Capital Management LP now owns 530,119 shares of the company’s stock valued at $2,340,000 after purchasing an additional 453,962 shares during the period.
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.
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