Quantbot Technologies LP Makes New Investment in Frontier Group Holdings, Inc. $ULCC

Quantbot Technologies LP purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 2nd quarter, Holdings Channel reports. The firm purchased 112,221 shares of the company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ULCC. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group during the third quarter valued at $27,000. Atlas Wealth LLC bought a new position in Frontier Group during the 1st quarter valued at about $33,000. Quarry LP purchased a new stake in shares of Frontier Group during the 4th quarter valued at about $34,000. Allworth Financial LP bought a new stake in shares of Frontier Group in the second quarter worth approximately $43,000. Finally, Brooklyn Investment Group grew its stake in shares of Frontier Group by 490.7% in the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after acquiring an additional 9,078 shares during the period.

Analysts Set New Price Targets

ULCC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. 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 note on Tuesday, July 7th. Weiss Ratings cut Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Barclays raised their price target on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Finally, UBS Group upped their price objective on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $6.86.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $5.97 on Thursday. Frontier Group Holdings, Inc. has a one year low of $3.02 and a one year high of $8.40. The business has a fifty day moving average price of $6.85 and a 200-day moving average price of $5.38. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -3.55 and a beta of 2.59. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($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. Sell-side analysts forecast that Frontier Group Holdings, Inc. will post -0.34 EPS for the current year.

Insider Activity at Frontier Group

In related news, CFO Mark Christopher Mitchell sold 125,000 shares of the 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 directly owned 53,785 shares of the company’s stock, valued at approximately $435,120.65. This represents a 69.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 97,175 shares in the company, valued at approximately $583,050. The trade was a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,053,742 shares of company stock worth $87,051,587 in the last quarter. 48.00% of the stock is currently owned by insiders.

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.