GSA Capital Partners LLP Purchases Shares of 552,896 Frontier Group Holdings, Inc. $ULCC

Key Points

• GSA Capital Partners acquired 552,896 shares of Frontier Group Holdings, valued at approximately $4.37 million and representing about 0.24% of the company.
• Frontier insiders sold more than 12 million shares worth approximately $87.1 million over the past 90 days, including substantial sales by a major shareholder and the CFO.
• Frontier reported a quarterly loss of $0.10 per share, better than the expected $0.47 loss, while revenue rose 37.7% year over year to $1.28 billion. Analysts maintain a consensus “Reduce” rating with an average price target of $6.86.

GSA Capital Partners LLP purchased a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 552,896 shares of the company's stock, valued at approximately $4,373,000. Frontier Group makes up about 0.3% of GSA Capital Partners LLP's holdings, making the stock its 19th largest position. GSA Capital Partners LLP owned about 0.24% of Frontier Group as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ULCC. AQR Capital Management LLC increased its holdings in shares of Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company's stock valued at $81,000 after acquiring an additional 5,913 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Frontier Group by 33.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock worth $4,398,000 after purchasing an additional 251,509 shares during the last quarter. Rhumbline Advisers lifted its stake in Frontier Group by 7.1% during the second quarter. Rhumbline Advisers now owns 117,984 shares of the company's stock worth $428,000 after purchasing an additional 7,791 shares during the last quarter. Invesco Ltd. boosted its holdings in Frontier Group by 35.1% in the second quarter. Invesco Ltd. now owns 108,806 shares of the company's stock valued at $395,000 after purchasing an additional 28,256 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Frontier Group in the second quarter valued at approximately $477,000.

Insiders Place Their Bets

In related news, major shareholder Group Holdings - Frontier Llc sold 11,700,000 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $7.20, for a total transaction of $84,240,000.00. Following the completion of the sale, the insider owned 22,706,526 shares in the company, valued at $163,486,987.20. This represents a 34.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Christopher Mitchell sold 125,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the transaction, the chief financial officer directly owned 53,785 shares in the company, valued at $435,120.65. The trade was a 69.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 12,067,242 shares of company stock worth $87,115,712. Corporate insiders own 48.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Frontier Group from $5.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Susquehanna upped their target price on shares of Frontier Group from $4.50 to $7.00 and gave the company a "neutral" rating in a report on Tuesday, July 7th. Zacks Research raised shares of Frontier Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Frontier Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 21st. Finally, Weiss Ratings cut shares of Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $6.86.

Frontier Group Trading Down 1.9%

NASDAQ:ULCC opened at $6.69 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of -3.98 and a beta of 2.59. Frontier Group Holdings, Inc. has a 52-week low of $3.02 and a 52-week high of $8.40. The stock's 50 day moving average price is $6.89 and its 200 day moving average price is $5.34. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.47) by $0.37. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The firm's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. On average, research analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Frontier Group Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.

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