Versor Investments LP Invests $122,000 in Frontier Group Holdings, Inc. $ULCC

Versor Investments LP purchased a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,492 shares of the company’s stock, valued at approximately $122,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in Frontier Group by 165.0% during the 2nd quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after purchasing an additional 6,253 shares during the last quarter. Baron Wealth Management LLC purchased a new stake in shares of Frontier Group during the second quarter valued at $37,000. MQS Management LLC bought a new stake in Frontier Group in the 2nd quarter worth about $37,000. May Hill Capital LLC purchased a new position in Frontier Group in the 2nd quarter worth about $42,000. Finally, Victory Capital Management Inc. bought a new position in Frontier Group during the 1st quarter valued at about $76,000.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 0.41. The stock has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $4.17. The firm has a market capitalization of $896.65 million, a PE ratio of -6.44 and a beta of 2.57. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative return on equity of 24.29% and a negative net margin of 3.65%.The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $900.07 million. During the same quarter last year, the company earned ($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. Analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group increased their price target on Frontier Group from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Friday, September 26th. Seaport Res Ptn raised Frontier Group to a “hold” rating in a report on Thursday, September 25th. Susquehanna increased their target price on Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Frontier Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Frontier Group has a consensus rating of “Hold” and a consensus price target of $6.13.

Frontier Group 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.