Frontier Group (NASDAQ:ULCC) Major Shareholder Group Holdings – Frontier Llc Sells 11,700,000 Shares of Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $7.20, for a total value of $84,240,000.00. Following the completion of the sale, the insider owned 22,706,526 shares in the company, valued at $163,486,987.20. This represents a 34.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $6.57 on Tuesday. The business has a 50-day moving average of $6.17 and a 200 day moving average of $5.05. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.40. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -4.11 and a beta of 2.56. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.07. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned ($0.19) earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, sell-side analysts forecast that Frontier Group Holdings, Inc. will post -0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ULCC. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research report on Tuesday, May 19th. Barclays upped their price objective on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Susquehanna boosted 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. Finally, UBS Group upped their price target on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $6.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULCC. U S Global Investors Inc. increased its position in shares of Frontier Group by 63.9% in the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Frontier Group during the 2nd quarter worth $5,387,000. Mountaineer Partners Management LLC purchased a new stake in shares of Frontier Group during the 4th quarter worth $4,490,000. Bank of America Corp DE grew its stake in shares of Frontier Group by 39.2% during the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after purchasing an additional 852,798 shares in the last quarter. Finally, HRT Financial LP grew its stake in shares of Frontier Group by 932.1% during the fourth quarter. HRT Financial LP now owns 817,425 shares of the company’s stock worth $3,850,000 after purchasing an additional 738,228 shares in the last quarter.

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.