Frontier Group (NASDAQ:ULCC) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Frontier Group (NASDAQ:ULCC) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on ULCC. UBS Group lifted their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Susquehanna increased their price target on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Citigroup raised their price target on shares of Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Finally, Barclays upped their price objective on Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.86.

Frontier Group Trading Down 1.2%

NASDAQ ULCC opened at $5.84 on Thursday. Frontier Group has a 12 month low of $3.02 and a 12 month high of $8.40. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. The stock’s fifty day moving average price is $6.79 and its 200-day moving average price is $5.38. The stock has a market cap of $1.34 billion, a P/E ratio of -3.48 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned ($0.31) EPS. Frontier Group’s quarterly revenue was up 37.7% compared to the same quarter last year. 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. As a group, equities analysts forecast that Frontier Group will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Frontier Group

In other news, VP Trevor J. Stedke sold 167,277 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $8.03, for a total transaction of $1,343,234.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Howard Diamond sold 24,195 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $8.25, for a total transaction of $199,608.75. Following the sale, the executive vice president directly owned 133,126 shares in the company, valued at approximately $1,098,289.50. The trade was a 15.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,053,742 shares of company stock worth $87,051,587. 48.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frontier Group

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its holdings in shares of Frontier Group by 2,044.4% during the 4th quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock valued at $1,499,000 after buying an additional 303,322 shares during the period. U S Global Investors Inc. grew its holdings in shares of Frontier Group by 63.9% in 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. Mountaineer Partners Management LLC purchased a new stake in Frontier Group during the fourth quarter valued at $4,490,000. Quantbot Technologies LP purchased a new stake in Frontier Group during the second quarter valued at $888,000. Finally, Lazard Asset Management LLC bought a new position in Frontier Group in the first quarter valued at about $1,651,000.

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.