Frontier Group (NASDAQ:ULCC) CAO Josh Wetzel Sells 2,000 Shares of Stock

Key Points

• Insider sale: Chief Accounting Officer Josh Wetzel sold 2,000 Frontier Group shares at an average price of $8, generating $16,000. He retains 10,061 shares, representing a 16.58% reduction in his ownership.
• Quarterly performance: Frontier reported a quarterly loss of $0.10 per share, beating expectations for a $0.47 loss, while revenue reached $1.28 billion and rose 37.7% year over year.
• Market view: ULCC shares recently traded at $7.58, while analysts maintain a consensus “Reduce” rating and an average price target of $6.86. Institutional investors, including First Trust Advisors, have increased or initiated positions.

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) CAO Josh Wetzel sold 2,000 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.00, for a total value of $16,000.00. Following the completion of the sale, the chief accounting officer owned 10,061 shares of the company's stock, valued at approximately $80,488. The trade was a 16.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Frontier Group Trading Down 4.7%

Shares of ULCC stock traded down $0.37 on Thursday, hitting $7.58. 3,339,390 shares of the stock traded hands, compared to its average volume of 4,728,884. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40. The firm's 50-day moving average price is $6.73 and its two-hundred day moving average price is $5.25. The stock has a market capitalization of $1.75 billion, a PE ratio of -4.51 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.37. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. Frontier Group's revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business earned ($0.31) earnings per share. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. As a group, analysts anticipate that Frontier Group Holdings, Inc. will post -0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ULCC. Citigroup raised their target price on Frontier Group from $5.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, June 26th. Susquehanna boosted their price objective on shares of Frontier Group from $4.50 to $7.00 and gave the company a "neutral" rating in a report on Tuesday, July 7th. UBS Group increased their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, July 30th. Finally, Barclays upped their price target on Frontier Group from $4.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $6.86.

Institutional Investors Weigh In On Frontier Group

Several institutional investors have recently modified their holdings of ULCC. Bank of New York Mellon Corp acquired a new stake in Frontier Group in the second quarter valued at $1,340,000. State of Wyoming purchased a new stake in shares of Frontier Group in the 2nd quarter valued at about $925,000. GSA Capital Partners LLP purchased a new position in Frontier Group during the 2nd quarter worth approximately $4,373,000. Lazard Asset Management LLC acquired a new position in shares of Frontier Group in the 1st quarter valued at $1,651,000. Finally, First Trust Advisors LP raised its holdings in shares of Frontier Group by 65.7% in the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company's stock valued at $4,162,000 after buying an additional 467,638 shares during the last quarter.

Frontier Group Company Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.

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