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

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in shares of Frontier Group during the 1st quarter valued at about $35,000. Victory Capital Management Inc. purchased a new position in shares of Frontier Group during the 1st quarter valued at about $76,000. Kapitalo Investimentos Ltda purchased a new position in shares of Frontier Group during the 1st quarter valued at about $77,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Frontier Group by 5,315.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 18,846 shares of the company's stock valued at $82,000 after buying an additional 18,498 shares in the last quarter.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Alexandre Clerc sold 12,000 shares of Frontier Group stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $3.89, for a total value of $46,680.00. Following the completion of the transaction, the senior vice president directly owned 11,912 shares of the company's stock, valued at approximately $46,337.68. The trade was a 50.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 48.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ULCC shares. UBS Group decreased their price objective on Frontier Group from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Morgan Stanley dropped their target price on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Finally, Bank of America reduced their price target on Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Frontier Group presently has a consensus rating of "Hold" and an average target price of $5.61.

Frontier Group Stock Up 4.0%

Frontier Group stock traded up $0.19 during trading hours on Friday, hitting $4.90. The stock had a trading volume of 4,329,001 shares, compared to its average volume of 5,196,501. 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 stock has a market capitalization of $1.12 billion, a P/E ratio of -30.63 and a beta of 2.62. Frontier Group Holdings, Inc. has a 12-month low of $2.89 and a 12-month high of $10.26. The stock's 50-day moving average price is $4.15 and its 200-day moving average price is $4.50.

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

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.