Trexquant Investment LP Invests $2.22 Million in Frontier Group Holdings, Inc. $ULCC

Key Points

• Trexquant Investment LP acquired a new stake in Frontier Group Holdings, purchasing 512,487 shares valued at approximately $2.2 million, representing about 0.23% of the company.
• Frontier Group reported a loss of ($0.31) EPS for the last quarter, missing the consensus estimate and experiencing a 4.5% decline in revenue year-over-year.
• Analysts have varied opinions on Frontier Group's stock, with Deutsche Bank upgrading it to "buy" with a price target of $8.00, while Bank of America lowered its price target to $4.00.

Trexquant Investment LP purchased a new stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 512,487 shares of the company's stock, valued at approximately $2,224,000. Trexquant Investment LP owned 0.23% of Frontier Group at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Balyasny Asset Management L.P. raised its holdings in shares of Frontier Group by 31.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company's stock valued at $17,042,000 after acquiring an additional 578,151 shares during the period. Towle & Co. raised its stake in Frontier Group by 6.1% during the 4th quarter. Towle & Co. now owns 2,348,882 shares of the company's stock valued at $16,701,000 after purchasing an additional 134,723 shares during the period. Voloridge Investment Management LLC raised its position in Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after buying an additional 1,520,094 shares during the period. Two Sigma Investments LP raised its position in Frontier Group by 488.9% during the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock valued at $6,971,000 after buying an additional 813,929 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Frontier Group by 210.4% during the fourth 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.

Analyst Upgrades and Downgrades

ULCC has been the topic of a number of research reports. Bank of America dropped their target price on Frontier Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Morgan Stanley dropped their price objective on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Finally, UBS Group dropped 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 note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Frontier Group has a consensus rating of "Hold" and an average target price of $5.61.

Frontier Group Stock Performance

ULCC stock traded up $0.18 during midday trading on Wednesday, hitting $5.26. 555,464 shares of the company traded hands, compared to its average volume of 3,841,767. Frontier Group Holdings, Inc. has a twelve month low of $2.89 and a twelve month 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. The business has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.36. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -32.91 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. During the same quarter last year, the business earned $0.14 EPS. The company's revenue for the quarter was down 4.5% on a year-over-year basis. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. As a group, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

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.