Frontier Group (NASDAQ:ULCC) Stock Falls 10.7% – Here’s Why
by Sarita Garza · The Markets DailyShares of Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) traded down 10.7% during mid-day trading on Wednesday. The company traded as low as $5.01 and last traded at $4.9850. Approximately 1,919,554 shares changed hands during trading, a decline of 54% from the average daily volume of 4,177,494 shares. The stock had previously closed at $5.58.
Analyst Ratings Changes
Several research firms recently commented on ULCC. Weiss Ratings downgraded shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. UBS Group lowered their target price on Frontier Group from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Susquehanna cut their price objective on shares of Frontier Group from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Barclays decreased their price objective on Frontier Group from $7.00 to $5.00 and set an “underweight” rating for the company in a report 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 stock. According to data from MarketBeat.com, Frontier Group currently has a consensus rating of “Reduce” and a consensus price target of $6.29.
View Our Latest Research Report on Frontier Group
Frontier Group Price Performance
The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.90 and a beta of 2.64. The firm has a 50-day simple moving average of $6.08 and a two-hundred day simple moving average of $5.74. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77.
Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted ($0.31) earnings per share. Frontier Group’s revenue for the quarter 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. As a group, analysts predict that Frontier Group Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, VP Trevor Stedke sold 167,277 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $8.03, for a total value of $1,343,234.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $7.55, for a total value of $75,500.00. Following the transaction, the senior vice president directly owned 87,175 shares of the company’s stock, valued at approximately $658,171.25. The trade was a 10.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 349,662 shares of company stock worth $2,786,452 in the last ninety days. 48.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Frontier Group
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Frontier Group in the 2nd quarter worth approximately $47,205,000. U S Global Investors Inc. boosted its position in 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 shares of Frontier Group in the 2nd quarter valued at about $12,141,850. Bank of America Corp DE acquired a new position in shares of Frontier Group during the second quarter worth about $7,337,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Frontier Group during the second quarter worth about $4,373,000.
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.