PDT Partners LLC Makes New Investment in Frontier Group Holdings, Inc. $ULCC

PDT Partners LLC bought a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 200,498 shares of the company’s stock, valued at approximately $1,586,000. PDT Partners LLC owned 0.09% of Frontier Group at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP raised its holdings in Frontier Group by 2,044.4% during the fourth quarter. GSA Capital Partners LLP now owns 318,159 shares of the company’s stock worth $1,499,000 after purchasing an additional 303,322 shares in the last quarter. U S Global Investors Inc. increased its stake in 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 purchasing an additional 2,643,448 shares in the last quarter. Mountaineer Partners Management LLC purchased a new position in shares of Frontier Group in the fourth quarter worth approximately $4,490,000. Quantbot Technologies LP acquired a new stake in Frontier Group during the 2nd quarter valued at $888,000. Finally, Lazard Asset Management LLC acquired a new position in Frontier Group during the first quarter valued at $1,651,000.

Analyst Upgrades and Downgrades

ULCC has been the topic of a number of research reports. Citigroup upped their price target on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Susquehanna boosted their price objective 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. Weiss Ratings downgraded Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Frontier Group has a consensus rating of “Reduce” and an average price target of $6.86.

Frontier Group Price Performance

Shares of NASDAQ: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 debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. The company’s fifty day moving average is $6.85 and its 200-day moving average is $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 data on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last 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 research analysts predict that Frontier Group Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Alexandre Clerc sold 3,068 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $8.17, for a total transaction of $25,065.56. Following the transaction, the senior vice president owned 37,488 shares in the company, valued at $306,276.96. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $7.55, for a total transaction of $75,500.00. Following the completion of the transaction, the senior vice president directly owned 87,175 shares in the company, valued at $658,171.25. This trade represents a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,053,742 shares of company stock worth $87,051,587. Insiders own 48.00% of the company’s stock.

About Frontier Group

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.