Frontier Group (NASDAQ:ULCC) Downgraded by Wall Street Zen to Sell

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

Other analysts have also issued reports about the company. Susquehanna lifted their price target on Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup lifted 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 dropped their price target on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Barclays reiterated an “underweight” rating and set a $4.00 price target (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Frontier Group presently has an average rating of “Reduce” and an average target price of $5.07.

Frontier Group Stock Up 3.0%

ULCC stock opened at $6.25 on Friday. Frontier Group has a twelve month low of $3.02 and a twelve month high of $6.66. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75. The stock’s 50 day moving average is $4.73 and its 200-day moving average is $4.71. The firm has a market capitalization of $1.44 billion, a PE ratio of -3.91 and a beta of 2.60.

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

Insiders Place Their Bets

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president directly owned 97,175 shares of the company’s stock, valued at $583,050. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Josh A. Wetzel sold 13,500 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer directly owned 12,061 shares of the company’s stock, valued at $57,289.75. This represents a 52.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 111,670 shares of company stock valued at $603,756. 48.00% of the stock is owned by insiders.

Institutional Trading of Frontier Group

A number of large investors have recently bought and sold shares of ULCC. Citigroup Inc. grew its position in shares of Frontier Group by 14.1% in the third quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after purchasing an additional 348,739 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Frontier Group by 660.9% in the third quarter. Quantbot Technologies LP now owns 448,662 shares of the company’s stock valued at $1,981,000 after purchasing an additional 389,696 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in shares of Frontier Group in the third quarter valued at $2,519,000. GSA Capital Partners LLP grew its position in shares of Frontier Group by 2,044.4% in the fourth quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock valued at $1,499,000 after purchasing an additional 303,322 shares in the last quarter. Finally, Capstone Capital Management Ltd purchased a new position in shares of Frontier Group in the fourth quarter valued at $269,000.

Frontier Group Company Profile

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.