Frontier Group (NASDAQ:ULCC) Stock Price Up 9.1% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price was up 9.1% on Wednesday . The stock traded as high as $4.61 and last traded at $4.6350. Approximately 1,844,494 shares traded hands during trading, a decline of 62% from the average daily volume of 4,876,843 shares. The stock had previously closed at $4.25.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Susquehanna raised their price objective on Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Tuesday, February 10th. Citigroup raised their price objective on Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays reiterated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Frontier Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $5.07.

Frontier Group Price Performance

The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49. The company has a market cap of $1.07 billion, a P/E ratio of -2.91 and a beta of 2.41. The stock has a 50-day simple moving average of $3.94 and a 200 day simple moving average of $4.48.

Frontier Group (NASDAQ:ULCC) last posted its 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 return on equity of 39.20% and a negative net margin of 9.62%.Frontier Group’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. On average, equities analysts expect that Frontier Group Holdings, Inc. will post -1.12 EPS for the current year.

Insider Activity at Frontier Group

In related news, VP Trevor J. Stedke sold 83,110 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $5.41, for a total transaction of $449,625.10. Following the completion of the transaction, the vice president owned 167,277 shares in the company, valued at $904,968.57. This trade represents a 33.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 48.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in Frontier Group during the 1st quarter valued at $1,651,000. First Trust Advisors LP raised its position in shares of Frontier Group by 65.7% during the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company’s stock worth $4,162,000 after acquiring an additional 467,638 shares during the last quarter. Atlas Wealth LLC bought a new stake in shares of Frontier Group during the first quarter worth $33,000. U S Global Investors Inc. raised its position in shares of Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after acquiring an additional 2,643,448 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Frontier Group during the first quarter worth $368,000.

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.