Frontier Group (NASDAQ:ULCC) Stock Gets Price Target Reduction from Susquehanna

Frontier Group (NASDAQ:ULCC) had its price target decreased by Susquehanna from $7.00 to $6.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Susquehanna currently has a neutral rating on the stock.

ULCC has been the subject of several other research reports. Citigroup lifted their price target on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. 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. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. UBS Group decreased their target price on shares of Frontier Group from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Finally, Barclays dropped their target price on shares of Frontier Group from $7.00 to $5.00 and set an “underweight” rating on the stock in a research note on Friday, September 11th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.29.

Frontier Group Trading Down 1.2%

NASDAQ ULCC opened at $5.86 on Wednesday. The firm has a market capitalization of $1.35 billion, a PE ratio of -3.49 and a beta of 2.64. The stock’s 50 day moving average is $6.17 and its 200 day moving average is $5.70. Frontier Group has a twelve month low of $3.02 and a twelve month high of $8.40. 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, topping analysts’ consensus estimates of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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. Research analysts forecast that Frontier Group will post -0.42 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In other Frontier Group news, CFO Mark Mitchell sold 125,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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 owned 53,785 shares in the company, valued at $435,120.65. This represents a 69.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Alexandre Clerc sold 7,142 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $7.13, for a total transaction of $50,922.46. Following the completion of the sale, the senior vice president directly owned 40,556 shares of the company’s stock, valued at $289,164.28. This represents a 14.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 349,662 shares of company stock valued at $2,786,452 in the last ninety days. Corporate insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors have recently added to or reduced their stakes in ULCC. Sequoia Financial Advisors LLC bought a new stake in Frontier Group in the 2nd quarter valued at $116,000. Engineers Gate Manager LP grew its position in shares of Frontier Group by 21.0% during the second quarter. Engineers Gate Manager LP now owns 185,048 shares of the company’s stock valued at $1,464,000 after purchasing an additional 32,082 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Frontier Group in the second quarter worth about $28,000. Squarepoint Ops LLC increased its holdings in shares of Frontier Group by 247.6% in the second quarter. Squarepoint Ops LLC now owns 266,000 shares of the company’s stock worth $2,104,000 after purchasing an additional 189,469 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of Frontier Group in the second quarter worth about $470,000.

About Frontier Group

Frontier Group Holdings, Inc is the parent company of Frontier Airlines, an ultra-low-cost passenger airline headquartered in Denver, Colorado. Frontier Airlines operates a low-fare business model that separates base airfare from optional services, allowing customers to pay for add-ons such as checked baggage, seat selection, priority services and other travel options.

Frontier Airlines serves a broad network of destinations across the United States, as well as selected locations in Mexico, the Caribbean and Central America.