494,900 Shares in Frontier Group Holdings, Inc. $ULCC Purchased by Primecap Management Co. CA

Primecap Management Co. CA bought a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 494,900 shares of the company’s stock, valued at approximately $3,915,000. Primecap Management Co. CA owned about 0.21% of Frontier Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ULCC. AQR Capital Management LLC raised its stake in Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after purchasing an additional 5,913 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 251,509 shares during the last quarter. Rhumbline Advisers boosted its stake in Frontier Group by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 117,984 shares of the company’s stock worth $428,000 after purchasing an additional 7,791 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Frontier Group by 35.1% during the second quarter. Invesco Ltd. now owns 108,806 shares of the company’s stock worth $395,000 after buying an additional 28,256 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Frontier Group during the second quarter worth $477,000.

Frontier Group Price Performance

Shares of ULCC opened at $5.97 on Thursday. Frontier Group Holdings, Inc. has a 52-week low of $3.02 and a 52-week high of $8.40. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock has a fifty day simple moving average of $6.85 and a two-hundred day simple moving average of $5.38. The company has a market capitalization of $1.37 billion, a PE ratio of -3.55 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted ($0.31) EPS. The company’s 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 Holdings, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

ULCC has been the topic of several research reports. Weiss Ratings downgraded shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. UBS Group increased their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Susquehanna boosted their target price on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Frontier Group has a consensus rating of “Reduce” and an average price target of $6.86.

Insider Buying and Selling

In other news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president owned 97,175 shares in the company, valued at $583,050. This trade represents a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Trevor J. Stedke sold 167,277 shares of Frontier Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $8.03, for a total transaction of $1,343,234.31. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,053,742 shares of company stock worth $87,051,587 over the last ninety days. 48.00% of the stock is currently owned by insiders.

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.