Teza Capital Management LLC Decreases Stock Holdings in Frontier Group Holdings, Inc. $ULCC

Teza Capital Management LLC trimmed its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,459 shares of the company’s stock after selling 3,017 shares during the period. Teza Capital Management LLC’s holdings in Frontier Group were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULCC. Voloridge Investment Management LLC increased its holdings in Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock valued at $12,101,000 after buying an additional 1,520,094 shares during the last quarter. Silver Point Capital L.P. purchased a new stake in Frontier Group during the first quarter valued at approximately $3,906,000. Two Sigma Investments LP increased its holdings in Frontier Group by 488.9% during the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company’s stock valued at $6,971,000 after buying an additional 813,929 shares during the last quarter. American Century Companies Inc. increased its holdings in Frontier Group by 1,353.6% during the first quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock valued at $3,363,000 after buying an additional 721,674 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Frontier Group by 2,201.8% during the first quarter. Deutsche Bank AG now owns 585,888 shares of the company’s stock valued at $2,543,000 after buying an additional 560,434 shares during the last quarter.

Frontier Group Stock Performance

ULCC opened at $5.08 on Wednesday. The firm has a market cap of $1.16 billion, a P/E ratio of -31.75 and a beta of 2.63. Frontier Group Holdings, Inc. has a 1-year low of $2.89 and a 1-year high of $10.26. The company has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $4.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.36.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). Frontier Group had a negative return on equity of 12.56% and a negative net margin of 0.87%.The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $951.92 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Frontier Group has set its Q3 2025 guidance at -0.420–0.260 EPS. Equities analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ULCC. UBS Group reduced their target price on shares of Frontier Group from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Bank of America reduced their target price on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Morgan Stanley dropped their price target on shares of Frontier Group from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Frontier Group presently has an average rating of “Hold” and an average price target of $5.61.

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.