Frontier Group (NASDAQ:ULCC) Shares Gap Up After Analyst Upgrade

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s share price gapped up before the market opened on Monday after Citigroup raised their price target on the stock from $3.50 to $4.90. The stock had previously closed at $4.00, but opened at $4.33. Citigroup currently has a neutral rating on the stock. Frontier Group shares last traded at $4.2650, with a volume of 2,315,489 shares.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded Frontier Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Tuesday, February 10th. Bank of America reissued an “underperform” rating and set a $4.00 price target (down from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. UBS Group reduced their price target on Frontier Group from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Finally, Barclays reiterated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a report on Monday, March 2nd. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.13.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the senior vice president owned 94,926 shares of the company’s stock, valued at approximately $569,556. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 48.00% of the stock is currently owned by corporate insiders.

More Frontier Group News

Here are the key news stories impacting Frontier Group this week:

• Positive Sentiment: Q1 EPS beat and revenue growth — Frontier reported ($0.30) EPS vs. a ($0.37) consensus and revenue roughly $1.06–1.07B, up ~17% year-over-year, which supports the market’s positive reaction. Frontier Airlines Reports First Quarter 2026 Financial Results
• Positive Sentiment: Q2 EPS guide roughly in line (slightly better) with Street — Frontier set Q2 2026 EPS guidance of -0.60 to -0.45 versus a consensus near -0.61, which moderates downside expectations for the quarter. Frontier Airlines forecasts bigger-than-expected quarterly loss amid soaring fuel prices
• Positive Sentiment: Near-term demand/revenue tailwind from Spirit shutdown — Management expects to capture incremental revenue and routes after Spirit’s collapse, a potential upside to load factors and yields as competitors reallocate capacity. Frontier Airlines forecasts revenue boost from Spirit collapse
• Positive Sentiment: Analyst price-target lift — Citigroup raised its price target to $4.90 (neutral rating), signaling some analyst confidence in the post-earnings setup. Benzinga
• Neutral Sentiment: Management commentary and detail available — The full earnings-call transcript provides color on capacity, unit revenue trends, and cost drivers for investors doing deeper due diligence. Frontier Group Holdings, Inc. (ULCC) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Key metric analysis mixed — Some outlets flag slight misses/variation on revenue and other operating metrics versus different estimates; the headline beat masks mixed internal trends investors should watch (unit revenue, yields, and costs). Compared to Estimates, Frontier Group (ULCC) Q1 Earnings: A Look at Key Metrics
• Negative Sentiment: Soaring jet-fuel costs are a material headwind — Multiple reports highlight that fuel expenses jumped, forcing management to forecast a larger quarterly loss and pressuring margins. This is the key risk pressuring the stock despite the EPS beat. Frontier Airlines (ULCC) Stock Dips on Rising Fuel Expenses and Wider Q2 Loss Projection
• Negative Sentiment: Bigger-than-expected loss outlook reported — Reuters and others note Frontier warned of a wider Q2 loss tied to fuel; sustained high fuel or weaker fares would pressure cash flow and performance. Frontier Airlines forecasts bigger-than-expected quarterly loss amid soaring fuel prices
• Negative Sentiment: Company remains unprofitable with weak margins and balance-sheet/leverage considerations — Frontier reported negative net margin and negative ROE; leverage and low current/quick ratios are investor risks if costs remain elevated. MarketBeat ULCC profile

Institutional Trading of Frontier Group

Several institutional investors and hedge funds have recently modified their holdings of ULCC. U S Global Investors Inc. grew its stake in shares of Frontier Group by 63.9% in the 1st 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 in the last quarter. Balyasny Asset Management L.P. purchased a new position in Frontier Group during the second quarter worth about $5,387,000. Mountaineer Partners Management LLC bought a new stake in Frontier Group in the 4th quarter worth about $4,490,000. Bank of America Corp DE grew its position in Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after purchasing an additional 852,798 shares in the last quarter. Finally, HRT Financial LP increased its stake in Frontier Group by 932.1% in the 4th quarter. HRT Financial LP now owns 817,425 shares of the company’s stock valued at $3,850,000 after buying an additional 738,228 shares during the last quarter.

Frontier Group Trading Up 8.0%

The firm has a 50-day moving average price of $3.82 and a 200-day moving average price of $4.43. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.08 billion, a PE ratio of -7.74 and a beta of 2.41.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. Frontier Group had a negative return on equity of 27.39% and a negative net margin of 3.68%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted ($0.19) earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, equities analysts forecast that Frontier Group Holdings, Inc. will post -1.24 EPS for the current fiscal year.

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.