Wolf Hill Capital Management LP Buys New Position in Frontier Group Holdings, Inc. $ULCC

Wolf Hill Capital Management LP purchased a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the third quarter, Holdings Channel reports. The firm purchased 570,444 shares of the company’s stock, valued at approximately $2,519,000. Frontier Group makes up about 0.2% of Wolf Hill Capital Management LP’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULCC. Balyasny Asset Management L.P. purchased a new stake in Frontier Group in the 2nd quarter valued at $5,387,000. Jump Financial LLC acquired a new position in Frontier Group in the second quarter valued at $4,190,000. Primecap Management Co. CA increased its stake in Frontier Group by 96.8% in the second quarter. Primecap Management Co. CA now owns 854,900 shares of the company’s stock valued at $3,103,000 after purchasing an additional 420,600 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Frontier Group by 2,348.4% during the second quarter. BNP Paribas Financial Markets now owns 431,179 shares of the company’s stock worth $1,565,000 after buying an additional 413,568 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Frontier Group by 24.9% during the second quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock worth $7,481,000 after buying an additional 410,392 shares during the last quarter.

Frontier Group Stock Performance

ULCC traded down $0.01 during trading on Friday, reaching $3.39. The company’s stock had a trading volume of 1,261,553 shares, compared to its average volume of 3,753,177. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.41 and a current ratio of 0.46. The company’s fifty day moving average price is $4.90 and its 200-day moving average price is $4.72. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $6.66. The company has a market capitalization of $779.07 million, a price-to-earnings ratio of -5.55, a price-to-earnings-growth ratio of 0.60 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The business had revenue of $997.00 million during the quarter, compared to the consensus estimate of $971.35 million. Frontier Group had a negative return on equity of 27.39% and a negative net margin of 3.68%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. On average, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the sale, the senior vice president owned 94,926 shares of the company’s stock, valued at approximately $569,556. This trade represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 48.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ULCC shares. Bank of America reaffirmed an “underperform” rating and set a $4.00 price objective (down from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Morgan Stanley lowered their target price 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. Citigroup started coverage on Frontier Group in a research note on Thursday, December 4th. They set a “neutral” rating and a $5.00 price target for the company. Susquehanna increased their price target on Frontier Group from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Finally, Barclays reiterated an “underweight” rating and issued a $4.00 price objective (down from $6.00) on shares of Frontier Group in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.38.

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.