60,000 Shares in Frontier Group Holdings, Inc. $ULCC Bought by Mariner Investment Group LLC

Mariner Investment Group LLC acquired a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 60,000 shares of the company's stock, valued at approximately $218,000.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Frontier Group by 33.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock worth $4,398,000 after purchasing an additional 251,509 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Frontier Group by 71.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock valued at $78,000 after acquiring an additional 7,546 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Frontier Group by 8.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company's stock valued at $536,000 after acquiring an additional 5,834 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Frontier Group by 1,353.6% in the 1st quarter. American Century Companies Inc. now owns 774,988 shares of the company's stock valued at $3,363,000 after acquiring an additional 721,674 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Frontier Group in the 1st quarter valued at about $219,000.

Frontier Group Trading Up 2.7%

Shares of ULCC stock opened at $4.90 on Friday. The firm has a 50 day moving average price of $4.66 and a two-hundred day moving average price of $4.22. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.12 billion, a PE ratio of -30.63 and a beta of 2.63. Frontier Group Holdings, Inc. has a 12-month low of $2.89 and a 12-month high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. Frontier Group had a negative return on equity of 12.56% and a negative net margin of 0.87%.The company's revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. As a group, analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ULCC shares. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. Bank of America reduced their price target on Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st. UBS Group lifted their price target on Frontier Group from $3.50 to $5.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Seaport Res Ptn upgraded Frontier Group to a "hold" rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Frontier Group has a consensus rating of "Hold" and an average target price of $6.00.

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.

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