Rhumbline Advisers Acquires 54,839 Shares of Frontier Group Holdings, Inc. $ULCC

Key Points

• Rhumbline Advisers has increased its stake in Frontier Group Holdings, Inc. by 99.1%, acquiring an additional 54,839 shares, bringing its total holdings to 110,193 shares valued at approximately $478,000.
• Several other institutional investors have also recently increased their positions in Frontier Group, indicating growing interest in the company.
• Analyst opinions on Frontier Group are mixed, with UBS lowering its price target to $3.50 while Deutsche Bank raised theirs to $8.00, leading to an average rating of "Hold" and a consensus target price of $5.81.

Rhumbline Advisers increased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 99.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,193 shares of the company's stock after purchasing an additional 54,839 shares during the quarter. Rhumbline Advisers' holdings in Frontier Group were worth $478,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC bought a new stake in shares of Frontier Group in the first quarter worth $35,000. Victory Capital Management Inc. bought a new stake in shares of Frontier Group in the first quarter worth $76,000. Kapitalo Investimentos Ltda bought a new stake in shares of Frontier Group in the first quarter worth $77,000. Wealth Enhancement Advisory Services LLC boosted its position in Frontier Group by 71.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock valued at $78,000 after acquiring an additional 7,546 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Frontier Group by 46.0% during the first 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.

Analyst Ratings Changes

A number of analysts have commented on ULCC shares. UBS Group cut 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 report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised 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 research report on Tuesday, September 2nd. Finally, Bank of America cut 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. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Frontier Group has an average rating of "Hold" and a consensus target price of $5.81.

Frontier Group Trading Down 3.5%

NASDAQ:ULCC opened at $5.19 on Wednesday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -32.44 and a beta of 2.63. The company's 50 day moving average price is $4.61 and its 200-day moving average price is $4.23. Frontier Group Holdings, Inc. has a 52 week low of $2.89 and a 52 week high of $10.26. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.53.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) earnings per share 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 return on equity of 12.56% and a negative net margin of 0.87%.The firm's revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. On average, equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal 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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