Frontier Group (NASDAQ:ULCC) Trading Up 8% – Here’s Why

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s share price rose 8% on Thursday . The stock traded as high as $7.01 and last traded at $7.1690. Approximately 344,812 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 4,835,290 shares. The stock had previously closed at $6.64.

Wall Street Analysts Forecast Growth

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

Frontier Group Trading Up 6.3%

The company’s 50 day simple moving average is $4.91 and its 200 day simple moving average is $4.76. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -4.41 and a beta of 2.60. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44.

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

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president owned 97,175 shares in the company, valued at $583,050. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Josh A. Wetzel sold 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $4.75, for a total transaction of $64,125.00. Following the completion of the transaction, the chief accounting officer owned 12,061 shares of the company’s stock, valued at approximately $57,289.75. This trade represents a 52.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 111,670 shares of company stock worth $603,756. 48.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Frontier Group

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frontier Group during the third quarter worth $27,000. Atlas Wealth LLC acquired a new position in shares of Frontier Group during the first quarter worth $33,000. Quarry LP acquired a new position in shares of Frontier Group during the fourth quarter worth $34,000. Brooklyn Investment Group grew its stake in shares of Frontier Group by 490.7% during the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after purchasing an additional 9,078 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Frontier Group during the first quarter worth $60,000.

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.