State of Wyoming Has $524,000 Holdings in Frontier Group Holdings, Inc. $ULCC

State of Wyoming boosted its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 542.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,403 shares of the company’s stock after purchasing an additional 121,926 shares during the period. State of Wyoming owned 0.06% of Frontier Group worth $524,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Voleon Capital Management LP grew its holdings in shares of Frontier Group by 9.4% during the first quarter. Voleon Capital Management LP now owns 38,692 shares of the company’s stock worth $168,000 after purchasing an additional 3,335 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Frontier Group by 130.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock valued at $31,000 after buying an additional 4,885 shares during the last quarter. AQR Capital Management LLC lifted its position in Frontier Group by 46.0% during the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock worth $81,000 after buying an additional 5,913 shares in the last quarter. CWM LLC grew its holdings in Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock worth $36,000 after acquiring an additional 6,253 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in Frontier Group by 19.0% during the 2nd quarter. Intech Investment Management LLC now owns 43,223 shares of the company’s stock worth $157,000 after acquiring an additional 6,907 shares during the last quarter.

Analyst Upgrades and Downgrades

ULCC has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. UBS Group reissued a “neutral” rating and issued a $6.00 price target (up previously from $4.00) on shares of Frontier Group in a report on Friday. Citigroup initiated coverage on Frontier Group in a report on Thursday, December 4th. They set a “neutral” rating and a $5.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Finally, Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.25.

Insider Activity

In other news, CEO Barry Biffle sold 100,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $5.54, for a total transaction of $554,000.00. Following the completion of the transaction, the chief executive officer directly owned 731,836 shares in the company, valued at approximately $4,054,371.44. The trade was a 12.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the sale, the senior vice president owned 77,312 shares in the company, valued at $463,872. This represents a 6.07% 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 305,000 shares of company stock valued at $1,670,444 over the last 90 days. Corporate insiders own 48.00% of the company’s stock.

Frontier Group Price Performance

ULCC opened at $5.76 on Tuesday. The company has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.33. The firm has a market capitalization of $1.32 billion, a PE ratio of -9.44 and a beta of 2.55. 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.

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

About Frontier Group

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.