Frontier Group (NASDAQ:ULCC) Upgraded by Wall Street Zen to “Hold” Rating

Frontier Group (NASDAQ:ULCC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages also recently weighed in on ULCC. Citigroup raised their price target on Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. UBS Group reduced their price objective on Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Susquehanna raised their price objective on Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday, May 19th. Finally, Barclays restated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $5.07.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $6.05 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49. The company has a market cap of $1.39 billion, a PE ratio of -3.78 and a beta of 2.41. The business has a 50-day simple moving average of $4.24 and a two-hundred day simple moving average of $4.56. Frontier Group has a fifty-two week low of $3.02 and a fifty-two week high of $6.66.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.07. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, equities analysts expect that Frontier Group will post -1.12 EPS for the current fiscal year.

Insider Activity

In other news, VP Trevor J. Stedke sold 83,110 shares of the firm’s 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 transaction, the vice president directly owned 167,277 shares in the company, valued at $904,968.57. This trade represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Josh A. Wetzel sold 13,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $4.75, for a total value of $64,125.00. Following the completion of the transaction, the chief accounting officer owned 12,061 shares of the company’s stock, valued at approximately $57,289.75. The trade was a 52.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ULCC. Caitong International Asset Management Co. Ltd purchased a new position in Frontier Group during the third quarter valued at approximately $27,000. Atlas Wealth LLC purchased a new position in Frontier Group during the first quarter valued at approximately $33,000. Quarry LP purchased a new position in Frontier Group during the fourth quarter valued at approximately $34,000. Brooklyn Investment Group raised its position in Frontier Group by 490.7% during the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after acquiring an additional 9,078 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Frontier Group during the third quarter valued at approximately $49,000.

About Frontier Group

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.