Frontier Group (NASDAQ:ULCC) Shares Down 6.6% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC) shares were down 6.6% on Thursday . The company traded as low as $5.61 and last traded at $5.5550. Approximately 322,405 shares were traded during mid-day trading, a decline of 93% from the average session volume of 4,696,183 shares. The stock had previously closed at $5.95.

Wall Street Analysts Forecast Growth

ULCC has been the subject of several research reports. Barclays increased their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Citigroup upped their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. UBS Group increased their target price on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Finally, Susquehanna lifted their price target on Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Frontier Group currently has an average rating of “Reduce” and a consensus target price of $6.86.

Frontier Group Stock Down 7.8%

The firm’s 50-day simple moving average is $6.36 and its 200 day simple moving average is $5.12. 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 stock has a market capitalization of $1.26 billion, a P/E ratio of -3.42 and a beta of 2.56.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The firm had revenue of $1.06 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%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($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 -0.74 EPS for the current year.

Insiders Place Their Bets

In related news, VP Trevor J. Stedke sold 83,110 shares of Frontier Group stock in a transaction dated 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 approximately $904,968.57. This trade represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $7.20, for a total value of $84,240,000.00. Following the transaction, the insider directly owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. This trade represents a 34.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,811,670 shares of company stock worth $84,843,756 in the last three months. Insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in Frontier Group by 4.5% in the 4th quarter. SG Americas Securities LLC now owns 115,962 shares of the company’s stock valued at $546,000 after acquiring an additional 4,995 shares in the last quarter. Straightline Group LLC grew its holdings in shares of Frontier Group by 9.5% during the 4th quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock worth $285,000 after purchasing an additional 5,232 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Frontier Group by 46.0% in the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after purchasing an additional 5,913 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Frontier Group in the third quarter worth $27,000. Finally, Victory Capital Management Inc. raised its stake in Frontier Group by 9.5% in the third quarter. Victory Capital Management Inc. now owns 70,382 shares of the company’s stock valued at $311,000 after purchasing an additional 6,108 shares in the last quarter.

About Frontier Group

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.