Deutsche Bank AG Has $2.54 Million Stock Holdings in Frontier Group Holdings, Inc. $ULCC

Key Points

• Deutsche Bank AG significantly increased its stake in Frontier Group Holdings by 2,201.8%, owning 585,888 shares valued at approximately $2.5 million after acquiring 560,434 shares in the first quarter.
• Multiple hedge funds, including JPMorgan Chase and Wells Fargo, made substantial increases in their holdings of Frontier Group, indicating growing institutional interest in the company.
• Frontier Group reported a loss of ($0.31) earnings per share for the most recent quarter, falling short of analyst estimates, and its revenue decreased by 4.5% compared to the same quarter last year.

Deutsche Bank AG boosted its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 2,201.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 585,888 shares of the company's stock after acquiring an additional 560,434 shares during the quarter. Deutsche Bank AG owned 0.26% of Frontier Group worth $2,543,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in Frontier Group by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company's stock valued at $217,000 after acquiring an additional 2,296 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 during the period. Wealth Enhancement Advisory Services LLC increased its position in 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 during the period. Byrne Asset Management LLC acquired a new stake in Frontier Group in the 1st quarter valued at approximately $35,000. Finally, Barclays PLC increased its position in Frontier Group by 12.1% in the 4th quarter. Barclays PLC now owns 81,710 shares of the company's stock valued at $581,000 after acquiring an additional 8,844 shares during the period.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group lowered their target price on Frontier Group from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Bank of America lowered their price target 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. Finally, Morgan Stanley lowered their price target on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Frontier Group has a consensus rating of "Hold" and an average price target of $5.61.

Frontier Group Price Performance

Shares of ULCC stock traded down $0.19 during mid-day trading on Monday, hitting $4.37. 2,906,907 shares of the stock traded hands, compared to its average volume of 5,146,793. Frontier Group Holdings, Inc. has a twelve month low of $2.89 and a twelve month high of $10.26. The firm has a market cap of $997.02 million, a price-to-earnings ratio of -27.31 and a beta of 2.62. The company's 50-day simple moving average is $4.03 and its 200-day simple moving average is $4.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 0.41.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) earnings per share 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 the consensus estimate of $951.92 million. Frontier Group had a negative return on equity of 12.56% and a negative net margin of 0.87%.The business's revenue was down 4.5% compared to the same quarter last year. During the same period in the prior 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, equities research analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 12,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $3.89, for a total transaction of $46,680.00. Following the completion of the sale, the senior vice president directly owned 11,912 shares of the company's stock, valued at $46,337.68. This trade represents a 50.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 48.00% of the stock is currently owned by corporate insiders.

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.