103,190 Shares in Frontier Group Holdings, Inc. $ULCC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the first quarter, Holdings Channel reports. The fund purchased 103,190 shares of the company’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULCC. Dimensional Fund Advisors LP grew its holdings 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 worth $17,860,000 after purchasing an additional 209,154 shares during the last quarter. Bank of America Corp DE raised 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 valued at $13,366,000 after buying an additional 852,798 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Frontier Group by 48.4% during 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 buying an additional 718,147 shares during the period. Geode Capital Management LLC boosted its position in Frontier Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock valued at $10,347,000 after buying an additional 8,946 shares during the period. Finally, Par Capital Management Inc. grew its holdings in Frontier Group by 1.2% in the 2nd quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company’s stock worth $7,917,000 after acquiring an additional 25,000 shares during the last quarter.

Insider Transactions at Frontier Group

In related news, SVP Alexandre Clerc sold 5,060 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total value of $30,005.80. Following the completion of the transaction, the senior vice president directly owned 47,698 shares in the company, valued at $282,849.14. This trade represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president owned 97,175 shares of the company’s stock, valued at approximately $583,050. The trade was a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,811,670 shares of company stock worth $84,843,756. 48.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ULCC shares. Susquehanna boosted their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Barclays increased 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. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Citigroup boosted their price target on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Frontier Group Trading Down 3.3%

NASDAQ ULCC opened at $6.75 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of -4.02 and a beta of 2.56. The stock’s 50 day moving average is $6.58 and its 200 day moving average is $5.19. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 2.77.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.31) earnings per share. 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. Research analysts forecast that Frontier Group Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

Frontier Group 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.