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

by · The Cerbat Gem

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) rose 9.1% on Wednesday . The company traded as high as $4.61 and last traded at $4.6350. Approximately 1,844,494 shares changed hands during mid-day 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 Analysts Forecast Growth

ULCC has been the topic of several analyst reports. UBS Group dropped their target price on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research note on Tuesday, February 10th. Susquehanna increased their price target on Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Citigroup increased their price target on Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Barclays reissued an “underweight” rating and issued a $4.00 price target (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Frontier Group presently has an average rating of “Reduce” and a consensus target price of $5.07.

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Frontier Group Stock Performance

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

Frontier Group (NASDAQ:ULCC – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.07. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Equities analysts expect that Frontier Group Holdings, Inc. will post -1.12 EPS for the current fiscal year.

Insider Activity at Frontier Group

In related news, VP Trevor J. Stedke sold 83,110 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $5.41, for a total value of $449,625.10. Following the completion of the sale, the vice president directly owned 167,277 shares of the company’s stock, valued at approximately $904,968.57. This represents a 33.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Frontier Group during the 3rd quarter valued at approximately $27,000. Atlas Wealth LLC bought a new stake in Frontier Group during the 1st quarter valued at approximately $33,000. Quarry LP bought a new stake in Frontier Group during the 4th quarter valued at approximately $34,000. Brooklyn Investment Group boosted its stake in Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after purchasing an additional 9,078 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Frontier Group during the 3rd quarter valued at approximately $49,000.

About Frontier Group

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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.

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