Algert Global LLC Takes Position in Frontier Group Holdings, Inc. $ULCC

Key Points

• Algert Global LLC acquired 235,010 shares of Frontier Group in the second quarter, valued at approximately $1.86 million and representing about 0.10% of the company.
• Frontier reported quarterly revenue of $1.28 billion, up 37.7% year over year, and an adjusted loss of $0.10 per share that beat the $0.47 consensus loss estimate. The stock opened at $5.84, with a one-year range of $3.02 to $8.40.
• Analyst sentiment remains cautious, with six Hold ratings and three Sell ratings, producing a consensus rating of “Reduce” and an average price target of $6.86. Insiders sold more than 12 million shares worth about $87.1 million over the past 90 days.

Algert Global LLC purchased a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 235,010 shares of the company's stock, valued at approximately $1,859,000. Algert Global LLC owned about 0.10% of Frontier Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULCC. Straightline Group LLC boosted its holdings in shares of Frontier Group by 9.5% in the 4th quarter. Straightline Group LLC now owns 60,586 shares of the company's stock worth $285,000 after purchasing an additional 5,232 shares during the period. Allworth Financial LP bought a new stake in Frontier Group in the second quarter worth $43,000. AQR Capital Management LLC boosted its stake in Frontier Group by 46.0% during the first quarter. AQR Capital Management LLC now owns 18,777 shares of the company's stock worth $81,000 after buying an additional 5,913 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Frontier Group during the third quarter worth $27,000. Finally, Victory Capital Management Inc. increased its position in Frontier Group by 9.5% during the third quarter. Victory Capital Management Inc. now owns 70,382 shares of the company's stock valued at $311,000 after acquiring an additional 6,108 shares during the last quarter.

Frontier Group Price Performance

Shares of ULCC stock opened at $5.84 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The company has a market capitalization of $1.34 billion, a P/E ratio of -3.48 and a beta of 2.59. The company's 50-day simple moving average is $6.79 and its two-hundred day simple moving average is $5.38. Frontier Group Holdings, Inc. has a one year low of $3.02 and a one year high of $8.40.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. The company's revenue was up 37.7% on a year-over-year basis. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, equities analysts anticipate that Frontier Group Holdings, Inc. will post -0.34 EPS for the current year.

Insider Activity

In other news, SVP Steve Schuller sold 10,000 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president owned 97,175 shares in the company, valued at approximately $583,050. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Trevor J. Stedke sold 167,277 shares of Frontier Group stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $8.03, for a total value of $1,343,234.31. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,053,742 shares of company stock valued at $87,051,587. Company insiders own 48.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna lifted their price target on shares of Frontier Group from $4.50 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. Zacks Research lowered shares of Frontier Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Wall Street Zen raised shares of Frontier Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 21st. Barclays boosted their target price on Frontier Group from $4.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings downgraded Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $6.86.

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.

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