Global Endowment Management LP Has $224,000 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 trimmed its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 54.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC.

A number of other institutional investors have also recently made changes to their positions in ULCC. Voloridge Investment Management LLC grew its holdings in shares of Frontier Group by 835.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after purchasing an additional 1,520,094 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Frontier Group by 488.9% in the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock valued at $6,971,000 after purchasing an additional 813,929 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Frontier Group by 1,353.6% in the first quarter. American Century Companies Inc. now owns 774,988 shares of the company's stock valued at $3,363,000 after purchasing an additional 721,674 shares in the last quarter. Empyrean Capital Partners LP acquired a new position in shares of Frontier Group in the fourth quarter valued at approximately $4,977,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Frontier Group by 31.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company's stock valued at $17,042,000 after purchasing an additional 578,151 shares in the last quarter.

Insider Buying and Selling

In other news, SVP Alexandre Clerc sold 12,000 shares of Frontier Group stock in a transaction that occurred on Monday, June 2nd. The shares were 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. Insiders own 48.00% of the company's stock.

Analysts Set New Price Targets

ULCC has been the subject of several analyst reports. UBS Group lowered their price target on shares of Frontier Group from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Bank of America lowered their price target on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st. Finally, Morgan Stanley lowered their price target on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.61.

Frontier Group Stock Performance

Frontier Group stock traded down $0.0950 during trading hours on Thursday, reaching $4.1650. 1,950,606 shares of the stock were exchanged, compared to its average volume of 3,789,233. The stock has a market cap of $950.24 million, a P/E ratio of -26.03 and a beta of 2.62. 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 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 $3.99 and its 200 day moving average is $4.76.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $929.00 million during the quarter, compared to analysts' expectations of $951.92 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. Analysts predict that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

About Frontier Group

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.