Josh Wetzel Sells 13,500 Shares of Frontier Group (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) CAO Josh Wetzel sold 13,500 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.75, for a total transaction of $64,125.00. Following the completion of the transaction, the chief accounting officer directly owned 12,061 shares of the company’s stock, valued at approximately $57,289.75. The trade was a 52.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Frontier Group Stock Up 1.4%

Shares of NASDAQ:ULCC opened at $4.95 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.75. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $6.66. The company has a 50-day moving average price of $4.01 and a 200 day moving average price of $4.50. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -3.09 and a beta of 2.41.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, equities research analysts predict that Frontier Group Holdings, Inc. will post -1.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on ULCC shares. Susquehanna raised their price objective on shares of Frontier Group from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research note on Tuesday. UBS Group decreased their price objective on shares of Frontier Group from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Wall Street Zen raised shares of Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Barclays reissued an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.07.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new position in shares of Frontier Group during the first quarter worth approximately $1,651,000. First Trust Advisors LP increased its position in shares of Frontier Group by 65.7% during the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company’s stock worth $4,162,000 after acquiring an additional 467,638 shares during the period. Atlas Wealth LLC purchased a new position in shares of Frontier Group during the first quarter worth approximately $33,000. U S Global Investors Inc. increased its position in shares of Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after acquiring an additional 2,643,448 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Frontier Group during the first quarter worth approximately $368,000.

About Frontier Group

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.