Petrus Trust Company LTA Makes New $219,000 Investment in Frontier Group Holdings, Inc. $ULCC

Key Points

• Petrus Trust Company LTA invested approximately $219,000 in Frontier Group Holdings, Inc., acquiring 50,546 shares during the first quarter.
• Analysts have varying ratings for Frontier Group, with Deutsche Bank upgrading the stock to a "buy" rating and raising the price target from $4.00 to $8.00, while UBS Group lowered their target from $4.00 to $3.50.
• Frontier Group's shares are currently trading at $5.08, down 5.6%, and the company reported a net loss of ($0.31) EPS for the last quarter, missing estimates.

Petrus Trust Company LTA bought a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,546 shares of the company's stock, valued at approximately $219,000.

A number of other institutional investors have also recently modified their holdings of ULCC. Voloridge Investment Management LLC grew its position in shares of Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after acquiring an additional 1,520,094 shares during the period. Two Sigma Investments LP boosted its holdings in Frontier Group by 488.9% in the 4th quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock worth $6,971,000 after buying an additional 813,929 shares during the last quarter. American Century Companies Inc. boosted 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 during the last quarter. Deutsche Bank AG boosted its holdings in Frontier Group by 2,201.8% in the 1st quarter. Deutsche Bank AG now owns 585,888 shares of the company's stock worth $2,543,000 after buying an additional 560,434 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Frontier Group by 210.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 804,693 shares of the company's stock valued at $5,721,000 after buying an additional 545,485 shares during the period.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded up $0.13 on Monday, reaching $5.31. The company's stock had a trading volume of 1,000,459 shares, compared to its average volume of 3,856,505. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.36. The stock's 50-day moving average is $4.44 and its two-hundred day moving average is $4.29. The stock has a market capitalization of $1.21 billion, a P/E ratio of -33.16 and a beta of 2.62.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued 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 return on equity of 12.56% and a negative net margin of 0.87%.The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company's revenue 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. As a group, sell-side analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ULCC shares. Bank of America reduced their price target on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock 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 lifted their target price for the company from $4.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group dropped their price target on shares of Frontier Group from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley decreased their price objective on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.61.

Frontier Group 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.