Frontier Group (NASDAQ:ULCC) CFO Mark Christopher Mitchell Sells 125,000 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CFO Mark Christopher Mitchell sold 125,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Frontier Group Trading Down 4.7%

ULCC traded down $0.37 on Thursday, hitting $7.58. The company had a trading volume of 3,339,362 shares, compared to its average volume of 4,728,884. The business’s fifty day simple moving average is $6.73 and its 200 day simple moving average is $5.25. 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 $1.75 billion, a PE ratio of -4.51 and a beta of 2.59. 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 quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.Frontier Group’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) EPS. 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. Equities research analysts expect that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Frontier Group

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Frontier Group during the 2nd quarter valued at approximately $1,340,000. State of Wyoming acquired a new stake in shares of Frontier Group in the second quarter worth approximately $925,000. GSA Capital Partners LLP purchased a new stake in shares of Frontier Group during the second quarter worth $4,373,000. Lazard Asset Management LLC acquired a new stake in shares of Frontier Group in the first quarter valued at about $1,651,000. Finally, First Trust Advisors LP lifted its stake in shares of Frontier Group by 65.7% in the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company’s stock worth $4,162,000 after buying an additional 467,638 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ULCC shares. Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Barclays lifted their target price on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Citigroup boosted their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Susquehanna boosted their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6.86.

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.