Landscape Capital Management L.L.C. Acquires Shares of 249,973 Frontier Group Holdings, Inc. $ULCC

Key Points

• Landscape Capital Management acquired 249,973 Frontier Group shares worth approximately $1.98 million, representing 0.11% of the company. Several other institutional investors also increased their positions during the quarter.
• Frontier reported a quarterly loss of $0.10 per share, outperforming estimates for a $0.47 loss, while revenue rose 37.7% year over year to $1.28 billion. Despite the improvement, the company posted negative margins and return on equity.
• Insiders sold more than 12 million shares worth about $87.1 million during the quarter. Analysts remain cautious, with a consensus “Reduce” rating and a $6.86 price target compared with the stock’s $5.96 opening price.

Landscape Capital Management L.L.C. acquired a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 249,973 shares of the company's stock, valued at approximately $1,977,000. Landscape Capital Management L.L.C. owned 0.11% of Frontier Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in 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 period. Goldman Sachs Group Inc. grew its position in shares of Frontier Group by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock valued at $4,398,000 after purchasing an additional 251,509 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Frontier Group by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 117,984 shares of the company's stock valued at $428,000 after purchasing an additional 7,791 shares during the period. Invesco Ltd. raised its stake in shares of Frontier Group by 35.1% during the 2nd quarter. Invesco Ltd. now owns 108,806 shares of the company's stock valued at $395,000 after purchasing an additional 28,256 shares during the period. Finally, First Trust Advisors LP purchased a new stake in Frontier Group during the 2nd quarter worth about $477,000.

Insiders Place Their Bets

In other news, VP Trevor J. Stedke sold 167,277 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.03, for a total value of $1,343,234.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Group Holdings - Frontier Llc sold 11,700,000 shares of the firm's 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 sale, the insider owned 22,706,526 shares in the company, valued at approximately $163,486,987.20. This trade represents a 34.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,053,742 shares of company stock worth $87,051,587. 48.00% of the stock is owned by corporate insiders.

Frontier Group Price Performance

Shares of NASDAQ ULCC opened at $5.96 on Friday. The stock's 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $5.38. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40. The firm has a market capitalization of $1.37 billion, a P/E ratio of -3.55 and a beta of 2.59. 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 results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.47) by $0.37. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The company's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) EPS. 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. As a group, equities analysts anticipate that Frontier Group Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen raised Frontier Group from a "sell" rating to a "hold" rating in a report on Sunday, June 21st. Citigroup raised their price objective on shares of Frontier Group from $5.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, July 30th. Zacks Research upgraded shares of Frontier Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, Barclays raised their price target on shares of Frontier Group from $4.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $6.86.

About Frontier Group

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.

Want to see what other hedge funds are holding ULCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source