Global Endowment Management LP Decreases Holdings in Frontier Group Holdings, Inc. $ULCC

Key Points

• Global Endowment Management LP has sold 54.2% of its holdings in Frontier Group Holdings, reducing its shares from 112,664 to 51,628, valued at $224,000.
• Frontier Group missed earnings expectations, reporting a loss of ($0.31) per share against a forecast of ($0.28), with revenue of $929 million compared to estimated $951.92 million.
• Recent research reports indicate a negative outlook, with Bank of America, Morgan Stanley, and UBS Group all lowering their price targets for Frontier Group shares.

Global Endowment Management LP lowered its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 54.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,628 shares of the company's stock after selling 61,036 shares during the period. Global Endowment Management LP's holdings in Frontier Group were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of Frontier Group by 1,353.6% during 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 during the period. Fox Run Management L.L.C. purchased a new position in shares of Frontier Group during the 1st quarter valued at $143,000. Boston Partners purchased a new position in shares of Frontier Group during the 1st quarter valued at $150,000. Caitong International Asset Management Co. Ltd lifted its stake in Frontier Group by 5,315.5% in the 1st 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Frontier Group by 37,186.3% in the 1st quarter. Russell Investments Group Ltd. now owns 202,092 shares of the company's stock worth $877,000 after purchasing an additional 201,550 shares in the last quarter.

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 12,000 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president owned 11,912 shares of the company's stock, valued at approximately $46,337.68. This represents a 50.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 48.00% of the company's stock.

Frontier Group Stock Down 3.4%

NASDAQ:ULCC traded down $0.16 during mid-day trading on Tuesday, hitting $4.61. 3,205,804 shares of the stock traded hands, compared to its average volume of 5,166,535. Frontier Group Holdings, Inc. has a 52 week low of $2.89 and a 52 week high of $10.26. The firm's 50 day moving average is $3.97 and its two-hundred day moving average is $4.76. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $951.92 million. Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The business's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Frontier Group 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.