Graham Capital Management L.P. Takes $1 Million Position in Frontier Group Holdings, Inc. $ULCC

Key Points

• Graham Capital Management L.P. acquired 231,136 shares of Frontier Group Holdings, Inc. for approximately $1,003,000, representing a 0.10% ownership stake.
• Several hedge funds, including American Century Companies Inc., significantly increased their stakes in Frontier Group in recent quarters, with American Century Companies raising its stake by 1,353.6%.
• The stock of Frontier Group has faced price target reductions from multiple analysts, with Deutsche Bank upgrading it to a "buy" but lowering the target from $4.00 to $8.00.

Graham Capital Management L.P. acquired a new position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 231,136 shares of the company's stock, valued at approximately $1,003,000. Graham Capital Management L.P. owned 0.10% of Frontier Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC increased its position in Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock worth $12,101,000 after acquiring an additional 1,520,094 shares during the period. Two Sigma Investments LP lifted its stake in Frontier Group by 488.9% in the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock worth $6,971,000 after acquiring an additional 813,929 shares during the period. American Century Companies Inc. increased its holdings in Frontier Group by 1,353.6% in the 1st quarter. American Century Companies Inc. now owns 774,988 shares of the company's stock worth $3,363,000 after buying an additional 721,674 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in Frontier Group in the 4th quarter worth approximately $4,977,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Frontier Group by 31.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company's stock valued at $17,042,000 after acquiring an additional 578,151 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price objective on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Bank of America cut their target price on Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded 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, September 2nd. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.61.

Frontier Group Stock Up 3.6%

ULCC stock traded up $0.19 during trading on Monday, hitting $5.37. 2,232,800 shares of the company's stock were exchanged, compared to its average volume of 3,851,178. The business has a 50-day moving average price of $4.31 and a two-hundred day moving average price of $4.37. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -33.41 and a beta of 2.63. 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 (NASDAQ:ULCC - Get Free Report) last posted its 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 analyst estimates of $951.92 million. Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. Frontier Group's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. 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 EPS for the current 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.