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U S Global Investors Inc. Purchases 2,306,248 Shares of Frontier Group Holdings, Inc. $ULCC

Frontier Group logo with Transportation background

Key Points

  • U S Global Investors Inc. increased its stake in Frontier Group Holdings by 59.2%, acquiring an additional 2,306,248 shares during the second quarter, bringing its total shares to 6,204,862.
  • Frontier Group's most recent earnings report showed a loss of ($0.31) EPS, which was below expectations, along with a 4.5% decline in revenue compared to the previous year.
  • Wall Street analysts have varied opinions on Frontier Group, with two analysts rating it as a Buy, seven as Hold, and one as Sell, while the average target price is set at $6.13.
  • Interested in Frontier Group? Here are five stocks we like better.

U S Global Investors Inc. lifted its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 59.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,204,862 shares of the company's stock after acquiring an additional 2,306,248 shares during the period. Frontier Group accounts for 2.6% of U S Global Investors Inc.'s holdings, making the stock its 9th largest position. U S Global Investors Inc. owned about 2.72% of Frontier Group worth $22,524,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of Frontier Group in the first quarter worth approximately $35,000. Baron Wealth Management LLC acquired a new stake in shares of Frontier Group in the second quarter worth approximately $37,000. Victory Capital Management Inc. acquired a new stake in shares of Frontier Group in the first quarter worth approximately $76,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Frontier Group in the first quarter worth approximately $77,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Frontier Group by 71.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock worth $78,000 after acquiring an additional 7,546 shares during the last quarter.

Frontier Group Price Performance

NASDAQ:ULCC opened at $3.95 on Friday. 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. The company has a market capitalization of $901.19 million, a P/E ratio of -24.69 and a beta of 2.59. The stock's fifty day moving average is $4.66 and its two-hundred day moving average is $4.13.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $929.00 million during the quarter, compared to analysts' expectations of $951.92 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Frontier Group's revenue for the quarter 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. Equities analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Frontier Group in a research note on Wednesday. UBS Group lifted their price objective on Frontier Group from $3.50 to $5.00 and gave the stock a "neutral" rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Seaport Res Ptn upgraded Frontier Group to a "hold" rating in a research report on Thursday, September 25th. Finally, Bank of America reduced their price objective on 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 investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Frontier Group currently has an average rating of "Hold" and a consensus target price of $6.13.

View Our Latest Report on Frontier Group

Frontier Group Company Profile

(Free Report)

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.

See Also

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).

Institutional Ownership by Quarter for Frontier Group (NASDAQ:ULCC)

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