Petrus Trust Company LTA Takes $219,000 Position 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 position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 50,546 shares of the company's stock, valued at approximately $219,000.

A number of other hedge funds have also made changes to their positions in ULCC. Byrne Asset Management LLC acquired a new stake in shares of Frontier Group during the 1st quarter worth about $35,000. Victory Capital Management Inc. acquired a new stake in shares of Frontier Group during the 1st quarter worth about $76,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Frontier Group during the 1st quarter worth about $77,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Frontier Group by 71.8% during the 1st 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 in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Frontier Group by 46.0% during the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company's stock worth $81,000 after purchasing an additional 5,913 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ULCC shares. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. UBS Group lowered their price objective on shares of Frontier Group from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley lowered 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. Finally, Bank of America lowered their price objective on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Frontier Group presently has an average rating of "Hold" and an average price target of $5.61.

Frontier Group Stock Down 5.6%

Shares of NASDAQ ULCC opened at $5.08 on Wednesday. The firm has a market capitalization of $1.16 billion, a PE ratio of -31.75 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 Holdings, Inc. has a 1 year low of $2.89 and a 1 year high of $10.26. The firm's 50-day moving average is $4.37 and its 200-day moving average is $4.36.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.03). The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $951.92 million. Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. Equities 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.

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