Cruiser Capital Advisors LLC Buys Shares of 46,384 Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Cruiser Capital Advisors LLC bought a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the 4th quarter, HoldingsChannel reports. The firm bought 46,384 shares of the company’s stock, valued at approximately $253,000. Frontier Group accounts for about 0.4% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 25th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in shares of Frontier Group by 632.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,768 shares of the company’s stock worth $28,000 after buying an additional 4,980 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Frontier Group in the 4th quarter worth $59,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Frontier Group by 200.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,666 shares of the company’s stock worth $64,000 after buying an additional 7,782 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Frontier Group by 91.0% in the 4th quarter. Quadrant Capital Group LLC now owns 16,936 shares of the company’s stock worth $92,000 after buying an additional 8,067 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Frontier Group in the 4th quarter worth $111,000.

Frontier Group Price Performance

Shares of Frontier Group stock traded down $0.18 during trading hours on Tuesday, hitting $5.26. The company’s stock had a trading volume of 778,938 shares, compared to its average volume of 2,094,781. The business has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $6.09. Frontier Group Holdings, Inc. has a 12-month low of $3.19 and a 12-month high of $10.57. The company has a market cap of $1.18 billion, a PE ratio of -43.83 and a beta of 2.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.50.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The business had revenue of $865.00 million for the quarter, compared to the consensus estimate of $859.21 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Analysts expect that Frontier Group Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ULCC shares. TD Cowen dropped their price target on Frontier Group from $8.00 to $6.50 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Evercore ISI lifted their target price on Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Barclays lifted their target price on Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Raymond James downgraded Frontier Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, UBS Group assumed coverage on Frontier Group in a research report on Wednesday, March 20th. They set a “neutral” rating and a $8.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.28.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.