467,740 Shares in Frontier Group Holdings, Inc. $ULCC Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 467,740 shares of the company’s stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Frontier Group during the third quarter worth $27,000. Atlas Wealth LLC purchased a new stake in shares of Frontier Group in the 1st quarter valued at $33,000. Quarry LP purchased a new stake in shares of Frontier Group in the 4th quarter valued at $34,000. Brooklyn Investment Group lifted its stake in Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock worth $48,000 after acquiring an additional 9,078 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Frontier Group during the 1st quarter worth about $60,000.

Analyst Ratings Changes

ULCC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Susquehanna boosted their price target on shares of Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Citigroup increased their price target on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. UBS Group raised their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings cut shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Insider Activity at Frontier Group

In other news, SVP Steve Schuller sold 10,000 shares of the company’s 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 directly owned 97,175 shares of the company’s stock, valued at approximately $583,050. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alexandre Clerc sold 5,060 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $5.93, for a total value of $30,005.80. Following the transaction, the senior vice president directly owned 47,698 shares of the company’s stock, valued at approximately $282,849.14. This represents a 9.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,811,670 shares of company stock worth $84,843,756 over the last three months. Company insiders own 48.00% of the company’s stock.

Frontier Group Trading Up 13.9%

Shares of NASDAQ:ULCC opened at $7.69 on Tuesday. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.40. The company’s 50 day moving average is $6.63 and its two-hundred day moving average is $5.21. The company has a market cap of $1.77 billion, a PE ratio of -4.58 and a beta of 2.59. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77.

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