Frontier Group (NASDAQ:ULCC) Upgraded at Wall Street Zen

Frontier Group (NASDAQ:ULCC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

ULCC has been the topic of several other reports. Susquehanna increased their price objective on shares of Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. UBS Group dropped their price objective on Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Citigroup increased their target price on Frontier Group from $4.90 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Barclays reiterated an “underweight” rating and issued a $4.00 target price (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $5.07.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $7.22 on Friday. The company has a market cap of $1.66 billion, a P/E ratio of -4.51 and a beta of 2.60. The business has a fifty day simple moving average of $5.05 and a 200-day simple moving average of $4.79. Frontier Group has a 52 week low of $3.02 and a 52 week high of $7.24. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 1.75.

Frontier Group (NASDAQ:ULCC) last released its 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. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Equities research analysts forecast that Frontier Group will post -1.01 EPS for the current year.

Insider Buying and Selling

In other Frontier Group news, SVP Alexandre Clerc sold 5,060 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $5.93, for a total transaction of $30,005.80. Following the transaction, the senior vice president owned 47,698 shares in the company, valued at $282,849.14. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated 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. The trade was a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,670 shares of company stock valued at $603,756 in the last 90 days. 48.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Group

Several hedge funds have recently modified their holdings of ULCC. SG Americas Securities LLC lifted its position in Frontier Group by 4.5% during the 4th quarter. SG Americas Securities LLC now owns 115,962 shares of the company’s stock worth $546,000 after acquiring an additional 4,995 shares in the last quarter. Straightline Group LLC grew its position in Frontier Group by 9.5% in the fourth quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock valued at $285,000 after acquiring an additional 5,232 shares in the last quarter. AQR Capital Management LLC grew its position in Frontier Group by 46.0% in the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after acquiring an additional 5,913 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontier Group during the third quarter valued at approximately $27,000. Finally, Victory Capital Management Inc. raised its stake in shares of Frontier Group by 9.5% during the third quarter. Victory Capital Management Inc. now owns 70,382 shares of the company’s stock valued at $311,000 after purchasing an additional 6,108 shares during the period.

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.