Group Holdings – Frontier Llc Sells 11,700,000 Shares of Frontier Group (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) major shareholder Group Holdings – Frontier Llc sold 11,700,000 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $7.20, for a total transaction of $84,240,000.00. Following the completion of the sale, the insider directly owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. This represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Frontier Group Stock Down 2.7%

Shares of Frontier Group stock opened at $6.39 on Wednesday. The stock’s 50-day moving average is $6.21 and its 200 day moving average is $5.06. Frontier Group Holdings, Inc. has a one year low of $3.02 and a one year high of $8.40. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -3.99 and a beta of 2.56. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.49 and a quick ratio of 0.44.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Tuesday, May 5th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.07. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative return on equity of 39.20% and a negative net margin of 9.62%.The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. Equities research analysts anticipate that Frontier Group Holdings, Inc. will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ULCC. Citigroup boosted their target price 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. Barclays raised their price target 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 upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Susquehanna upped their price objective 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Group in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Frontier Group currently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Frontier Group in the 3rd quarter valued at $27,000. Atlas Wealth LLC acquired a new position in Frontier Group during the first quarter worth $33,000. Quarry LP bought a new position in shares of Frontier Group in the fourth quarter valued at $34,000. Brooklyn Investment Group lifted its stake in shares of Frontier Group by 490.7% in the third quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Frontier Group in the first quarter valued at $60,000.

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.