Algert Global LLC Trims Stake in Frontier Group Holdings, Inc. $ULCC

Key Points

• Algert Global LLC reduced its stake in Frontier Group Holdings, Inc. by 80.2%, holding 30,952 shares valued at approximately $134,000 after selling 125,030 shares in the first quarter.
• Several institutional investors, including Balyasny Asset Management and Voloridge Investment Management, significantly increased their stakes in Frontier Group during the previous quarter.
• Frontier Group reported a loss of ($0.31) EPS for the last quarter, missing estimates, and experienced a 4.5% decline in revenue year-over-year.

Algert Global LLC decreased its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 80.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,952 shares of the company's stock after selling 125,030 shares during the quarter. Algert Global LLC's holdings in Frontier Group were worth $134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ULCC. Byrne Asset Management LLC acquired a new position in shares of Frontier Group in the 1st quarter valued at $35,000. Victory Capital Management Inc. purchased a new position in shares of Frontier Group during the 1st quarter worth approximately $76,000. Kapitalo Investimentos Ltda purchased a new position in Frontier Group in the 1st quarter valued at approximately $77,000. Wealth Enhancement Advisory Services LLC grew its holdings in Frontier Group by 71.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock valued at $78,000 after buying an additional 7,546 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Frontier Group by 5,315.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 18,846 shares of the company's stock worth $82,000 after purchasing an additional 18,498 shares during the last quarter.

Frontier Group Price Performance

Shares of NASDAQ ULCC traded down $0.08 during midday trading on Thursday, reaching $4.71. 2,691,850 shares of the company were exchanged, compared to its average volume of 5,164,507. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.53. Frontier Group Holdings, Inc. has a one year low of $2.89 and a one year high of $10.26. The stock has a market cap of $1.07 billion, a P/E ratio of -29.44 and a beta of 2.62. The stock's 50-day moving average price is $4.12 and its 200-day moving average price is $4.59.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its earnings results 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). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $951.92 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Frontier Group's quarterly revenue was down 4.5% on a year-over-year basis. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. On average, sell-side analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In other Frontier Group news, SVP Alexandre Clerc sold 12,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $3.89, for a total transaction of $46,680.00. Following the sale, the senior vice president owned 11,912 shares in the company, valued at $46,337.68. This trade represents a 50.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 48.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ULCC shares. Bank of America dropped their target price on Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. UBS Group cut their price target on Frontier Group from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.61.

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.