Geode Capital Management LLC Acquires 410,392 Shares of Frontier Group Holdings, Inc. $ULCC

Geode Capital Management LLC boosted its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 24.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,060,452 shares of the company’s stock after buying an additional 410,392 shares during the period. Geode Capital Management LLC’s holdings in Frontier Group were worth $7,481,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC bought a new stake in shares of Frontier Group during the second quarter worth $63,000. Savant Capital LLC acquired a new position in Frontier Group in the 2nd quarter worth $133,000. Versor Investments LP bought a new position in Frontier Group during the 2nd quarter worth about $122,000. May Hill Capital LLC bought a new position in Frontier Group during the 2nd quarter worth about $42,000. Finally, MQS Management LLC acquired a new stake in shares of Frontier Group in the 2nd quarter valued at about $37,000.

Frontier Group Stock Up 3.8%

Shares of ULCC stock opened at $5.17 on Friday. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -8.48 and a beta of 2.55. The firm’s 50-day moving average is $4.19 and its 200-day moving average is $4.25.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $900.07 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Sell-side analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Seaport Res Ptn raised Frontier Group to a “hold” rating in a research report on Thursday, September 25th. UBS Group upped their price target on Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. Citigroup began coverage on shares of Frontier Group in a report on Thursday. They issued a “neutral” rating and a $5.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Frontier Group in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.25.

Frontier Group Profile

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.