Mountaineer Partners Management LLC Purchases Shares of 953,375 Frontier Group Holdings, Inc. $ULCC

Mountaineer Partners Management LLC purchased a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 953,375 shares of the company’s stock, valued at approximately $4,490,000. Frontier Group comprises 2.5% of Mountaineer Partners Management LLC’s portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in Frontier Group by 14.1% in the 3rd quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after acquiring an additional 348,739 shares during the period. Quantbot Technologies LP increased its position in Frontier Group by 660.9% in the 3rd quarter. Quantbot Technologies LP now owns 448,662 shares of the company’s stock valued at $1,981,000 after acquiring an additional 389,696 shares during the period. Wolf Hill Capital Management LP acquired a new position in Frontier Group in the 3rd quarter valued at approximately $2,519,000. GSA Capital Partners LLP increased its position in Frontier Group by 2,044.4% in the 4th quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock valued at $1,499,000 after acquiring an additional 303,322 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Frontier Group by 2,439.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,366 shares of the company’s stock valued at $61,000 after acquiring an additional 11,879 shares during the period.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Susquehanna upped their price target on shares of Frontier Group from $3.40 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup upped their price target on shares of Frontier Group from $4.90 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group decreased their price objective on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a research report on Tuesday, May 19th. Finally, Barclays reiterated an “underweight” rating and set a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $5.07.

Insider Activity at Frontier Group

In related news, VP Trevor J. Stedke sold 83,110 shares of the 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 transaction, the vice president directly owned 167,277 shares of the company’s stock, valued at $904,968.57. This represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Schuller sold 10,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president directly owned 97,175 shares in the company, valued at approximately $583,050. This represents a 9.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 111,670 shares of company stock valued at $603,756 in the last ninety days. Insiders own 48.00% of the company’s stock.

Frontier Group Stock Performance

ULCC opened at $6.25 on Monday. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $6.66. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average of $4.73 and a 200-day moving average of $4.71. The stock has a market cap of $1.44 billion, a PE ratio of -3.91 and a beta of 2.60.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.07. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted ($0.19) earnings per share. Frontier Group’s revenue for the quarter was up 16.8% compared to the same quarter last year. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. On average, sell-side analysts predict that Frontier Group Holdings, Inc. will post -1.12 EPS for the current 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.