Los Angeles Capital Management LLC Trims Stock Position in Frontier Group Holdings, Inc. $ULCC

Los Angeles Capital Management LLC decreased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 38.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,780 shares of the company’s stock after selling 158,587 shares during the quarter. Los Angeles Capital Management LLC owned 0.11% of Frontier Group worth $914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULCC. Goldman Sachs Group Inc. boosted its stake in shares of Frontier Group by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after acquiring an additional 251,509 shares during the last quarter. Petrus Trust Company LTA bought a new position in Frontier Group in the 1st quarter worth $219,000. American Century Companies Inc. raised its holdings in Frontier Group by 1,353.6% in the 1st quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock worth $3,363,000 after purchasing an additional 721,674 shares during the period. Invesco Ltd. lifted its position in Frontier Group by 15.8% during the first quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock valued at $350,000 after purchasing an additional 11,009 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Frontier Group during the first quarter valued at about $466,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ULCC. Seaport Res Ptn raised Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group lifted their price target on shares of Frontier Group from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Friday, September 26th. Susquehanna increased their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Frontier Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.13.

Frontier Group Stock Down 0.2%

NASDAQ ULCC opened at $4.05 on Friday. Frontier Group Holdings, Inc. has a 12 month low of $2.89 and a 12 month high of $10.26. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The stock has a market cap of $927.25 million, a PE ratio of -6.64 and a beta of 2.57. The stock’s 50 day moving average is $4.48 and its 200 day moving average is $4.19.

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