Frontier Group (NASDAQ:ULCC) Shares Gap Up – Time to Buy?

by · The Markets Daily

Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.79, but opened at $6.03. Frontier Group shares last traded at $5.9350, with a volume of 252,629 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ULCC shares. Barclays upped their price target on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. UBS Group boosted their price objective on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Susquehanna upped their target price on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $6.86.

Get Our Latest Research Report on Frontier Group

Frontier Group Price Performance

The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. The stock has a market capitalization of $1.35 billion, a PE ratio of -3.49 and a beta of 2.59. The stock’s 50 day moving average is $6.87 and its two-hundred day moving average is $5.38.

Frontier Group (NASDAQ:ULCC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) EPS 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned ($0.31) EPS. Frontier Group’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, equities analysts anticipate that Frontier Group Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Insider Activity

In related news, VP Trevor J. Stedke sold 167,277 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Christopher Mitchell sold 125,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total value of $1,011,250.00. Following the completion of the transaction, the chief financial officer owned 53,785 shares in the company, valued at $435,120.65. The trade was a 69.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,053,742 shares of company stock valued at $87,051,587 in the last three months. Company insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Several hedge funds and other institutional investors have recently modified their holdings of ULCC. Caitong International Asset Management Co. Ltd acquired a new position in Frontier Group during the third quarter worth about $27,000. Atlas Wealth LLC acquired a new stake in Frontier Group in the 1st quarter valued at about $33,000. Quarry LP purchased a new position in Frontier Group in the 4th quarter worth approximately $34,000. Allworth Financial LP purchased a new position in Frontier Group in the 2nd quarter worth approximately $43,000. Finally, Legal & General Group Plc acquired a new position in shares of Frontier Group during the 2nd quarter worth approximately $46,000.

Frontier Group Company Profile

(Get Free Report)

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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