Frontier Group (NASDAQ:ULCC) Shares Down 5.7% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price fell 5.7% on Thursday . The stock traded as low as $3.46 and last traded at $3.5350. 2,200,117 shares changed hands during trading, a decline of 47% from the average session volume of 4,113,287 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

ULCC has been the topic of several recent analyst reports. Susquehanna lifted their price target on Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Citigroup reduced their price objective on Frontier Group from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, March 20th. Morgan Stanley dropped their target price on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Bank of America reissued an “underperform” rating and issued a $4.00 price target (down from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Finally, Barclays restated an “underweight” rating and issued a $4.00 price target (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.94.

Frontier Group Stock Down 4.9%

The firm has a market capitalization of $818.56 million, a price-to-earnings ratio of -5.84 and a beta of 2.57. The business has a 50 day moving average of $4.46 and a 200 day moving average of $4.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.46 and a quick ratio of 0.41.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.13. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The firm had revenue of $997.00 million for the quarter, compared to analyst estimates of $971.35 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. On average, equities analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the transaction, the senior vice president owned 94,926 shares of the company’s stock, valued at $569,556. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Frontier Group by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock valued at $17,860,000 after buying an additional 209,154 shares in the last quarter. Bank of America Corp DE grew its holdings in Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after acquiring an additional 852,798 shares during the last quarter. Citigroup Inc. grew its holdings in Frontier Group by 14.1% during the 3rd quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock worth $12,472,000 after acquiring an additional 348,739 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Frontier Group by 48.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock valued at $9,723,000 after acquiring an additional 718,147 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Frontier Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock valued at $10,347,000 after acquiring an additional 8,946 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.