Frontier Group Holdings, Inc. $ULCC Stock Holdings Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has significantly increased its stake in Frontier Group Holdings by over 37,000%, owning 202,092 shares as of the latest reporting, valued at approximately $877,000.
• Several institutional investors, including Balyasny Asset Management and Voloridge Investment Management, have also raised their positions in Frontier Group during the last quarter, indicating growing investor interest.
• Frontier Group reported a loss of ($0.31) EPS for the most recent quarter, falling short of expectations, with revenue down 4.5% year-over-year at $929 million.

Russell Investments Group Ltd. increased its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 37,186.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,092 shares of the company's stock after purchasing an additional 201,550 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Frontier Group worth $877,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in Frontier Group in the first quarter worth about $35,000. ProShare Advisors LLC acquired a new stake in Frontier Group in the fourth quarter worth about $84,000. Victory Capital Management Inc. acquired a new stake in Frontier Group in the first quarter worth about $76,000. Kapitalo Investimentos Ltda acquired a new stake in Frontier Group in the first quarter worth about $77,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Frontier Group by 71.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock worth $78,000 after purchasing an additional 7,546 shares during the period.

Frontier Group Trading Up 0.3%

ULCC stock traded up $0.02 during mid-day trading on Wednesday, reaching $5.63. 3,652,512 shares of the stock traded hands, compared to its average volume of 3,830,083. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a market cap of $1.28 billion, a P/E ratio of -35.28 and a beta of 2.63. The stock's fifty day moving average is $4.21 and its 200-day moving average is $4.48.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted 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). The company 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%.Frontier Group's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. As a group, sell-side analysts expect that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ULCC. Bank of America reduced their price objective 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. UBS Group cut 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. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a "hold" rating to a "buy" rating and upped their price target for the company from $4.00 to $8.00 in a report on Tuesday. Finally, Morgan Stanley cut 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. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.61.

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.