State of Wyoming Acquires 121,926 Shares of Frontier Group Holdings, Inc. $ULCC

State of Wyoming grew its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 542.4% in the 2nd quarter, Holdings Channel reports. The fund owned 144,403 shares of the company’s stock after purchasing an additional 121,926 shares during the quarter. State of Wyoming’s holdings in Frontier Group were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ULCC. U S Global Investors Inc. grew its position in shares of Frontier Group by 59.2% in the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock valued at $22,524,000 after purchasing an additional 2,306,248 shares during the period. Balyasny Asset Management L.P. bought a new position in Frontier Group in the second quarter valued at approximately $5,387,000. Jump Financial LLC acquired a new position in shares of Frontier Group in the second quarter valued at approximately $4,190,000. Silver Point Capital L.P. acquired a new position in shares of Frontier Group in the first quarter valued at approximately $3,906,000. Finally, American Century Companies Inc. increased its position in shares of Frontier Group by 1,353.6% during the first quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock worth $3,363,000 after acquiring an additional 721,674 shares in the last quarter.

Insider Activity at Frontier Group

In other Frontier Group news, CEO Barry Biffle sold 82,627 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total value of $477,584.06. Following the completion of the sale, the chief executive officer owned 631,836 shares in the company, valued at $3,652,012.08. This trade represents a 11.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated 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 transaction, the senior vice president directly owned 77,312 shares of the company’s stock, valued at approximately $463,872. This trade represents a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 305,000 shares of company stock valued at $1,670,444. 48.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ULCC. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a report on Monday, December 8th. UBS Group reaffirmed a “neutral” rating and set a $6.00 price objective (up from $4.00) on shares of Frontier Group in a research report on Friday. Citigroup started coverage on Frontier Group in a research report on Thursday, December 4th. They issued a “neutral” rating and a $5.00 target price on the stock. Finally, Seaport Res Ptn upgraded Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.25.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $5.76 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. The business has a 50-day moving average of $4.33 and a 200-day moving average of $4.33. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -9.44 and a beta of 2.55. Frontier Group Holdings, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $10.26.

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