Frontier Group (NASDAQ:ULCC) Downgraded by Zacks Research to Hold

Frontier Group (NASDAQ:ULCC) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

ULCC has been the topic of several other research reports. Weiss Ratings downgraded shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Barclays raised their price target on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Citigroup lifted their price objective 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. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, UBS Group lifted their price target on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average target price of $6.86.

Frontier Group Trading Down 1.2%

Shares of NASDAQ:ULCC opened at $5.84 on Thursday. The business’s 50-day moving average is $6.79 and its 200 day moving average is $5.38. 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 has a 1 year low of $3.02 and a 1 year high of $8.40. The firm has a market capitalization of $1.34 billion, a P/E ratio of -3.48 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned ($0.31) earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. 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. On average, research analysts predict that Frontier Group will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In related news, EVP Howard Diamond sold 24,195 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.25, for a total transaction of $199,608.75. Following the sale, the executive vice president owned 133,126 shares in the company, valued at approximately $1,098,289.50. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated 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 of the company’s stock, valued at approximately $583,050. This represents 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 valued at $87,051,587 over the last ninety days. Corporate insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Frontier Group in the 2nd quarter valued at $47,205,000. U S Global Investors Inc. grew its stake in shares of Frontier Group by 63.9% in the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after buying an additional 2,643,448 shares during the period. Silver Point Capital L.P. purchased a new position in Frontier Group in the second quarter worth approximately $12,141,850. Balyasny Asset Management L.P. acquired a new stake in shares of Frontier Group during the 2nd quarter worth about $5,387,000. Finally, Mountaineer Partners Management LLC acquired a new stake in shares of Frontier Group during the fourth quarter valued at about $4,490,000.

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.