Frontier Group (NASDAQ:ULCC) Trading Down 6.8% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC) dropped 6.8% during mid-day trading on Monday . The stock traded as low as $6.86 and last traded at $6.8750. Approximately 1,705,096 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 4,695,096 shares. The stock had previously closed at $7.38.

Analysts Set New Price Targets

ULCC has been the topic of a number of recent research reports. Barclays raised their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. UBS Group raised their price target on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Citigroup boosted their price objective on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings cut Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.86.

Frontier Group Trading Down 6.3%

The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The business has a fifty day moving average of $6.79 and a 200-day moving average of $5.28. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -4.11 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned ($0.31) EPS. Frontier Group’s revenue was up 37.7% on a year-over-year basis. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. On average, equities analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Group

In related news, CFO Mark Christopher Mitchell sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the completion of the sale, the chief financial officer directly owned 53,785 shares in the company, valued at approximately $435,120.65. This trade represents a 69.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $7.55, for a total transaction of $75,500.00. Following the sale, the senior vice president owned 87,175 shares of the company’s stock, valued at $658,171.25. The trade was a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,067,242 shares of company stock valued at $87,115,712. Corporate insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Frontier Group in the 2nd quarter worth $47,205,000. Deutsche Bank AG acquired a new position in shares of Frontier Group in the 2nd quarter valued at $1,174,000. OneDigital Investment Advisors LLC acquired a new position in shares of Frontier Group in the 2nd quarter valued at $1,411,000. Bank of New York Mellon Corp purchased a new position in Frontier Group in the 2nd quarter worth about $1,340,000. Finally, State of Wyoming purchased a new position in Frontier Group in the 2nd quarter worth about $925,000.

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.