Traders Buy Large Volume of Frontier Group Call Options (NASDAQ:ULCC)

Frontier Group Holdings, Inc. (NASDAQ:ULCC) was the recipient of unusually large options trading on Wednesday. Traders acquired 5,982 call options on the stock. This represents an increase of 254% compared to the typical volume of 1,691 call options.

Frontier Group Price Performance

Shares of ULCC stock traded up $0.16 during trading hours on Wednesday, hitting $5.27. The company had a trading volume of 2,053,114 shares, compared to its average volume of 3,925,466. Frontier Group has a 12 month low of $2.89 and a 12 month high of $10.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.40. The firm’s fifty day moving average is $4.34 and its 200 day moving average is $4.34. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -8.66 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The firm had revenue of $886.00 million during the quarter, compared to analyst estimates of $900.07 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. On average, sell-side analysts predict that Frontier Group will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 82,627 shares of Frontier Group stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $5.78, for a total value of $477,584.06. Following the transaction, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at $3,652,012.08. The trade was a 11.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the sale, the senior vice president owned 77,312 shares in the company, valued at approximately $463,872. The trade was a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 305,000 shares of company stock valued at $1,670,444 in the last ninety days. Company insiders own 48.00% of the company’s stock.

Institutional Trading of Frontier Group

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of Frontier Group by 2,201.8% in the 1st quarter. Deutsche Bank AG now owns 585,888 shares of the company’s stock worth $2,543,000 after acquiring an additional 560,434 shares in the last quarter. Invesco Ltd. increased its holdings in Frontier Group by 15.8% during the 1st quarter. Invesco Ltd. now owns 80,550 shares of the company’s stock valued at $350,000 after purchasing an additional 11,009 shares in the last quarter. Nuveen LLC bought a new position in Frontier Group in the 1st quarter valued at $466,000. Russell Investments Group Ltd. boosted its stake in Frontier Group by 37,186.3% in the first quarter. Russell Investments Group Ltd. now owns 202,092 shares of the company’s stock worth $877,000 after purchasing an additional 201,550 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Frontier Group during the first quarter worth $150,000.

Wall Street Analyst Weigh In

ULCC has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and issued a $6.00 price target (up from $4.00) on shares of Frontier Group in a research report on Friday. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a research note on Thursday, September 25th. Morgan Stanley lowered their price target on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and upped their price target for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.25.

Frontier Group Company Profile

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.