Mark Christopher Mitchell Sells 125,000 Shares of Frontier Group (NASDAQ:ULCC) Stock

Key Points

• CFO Mark Christopher Mitchell sold 125,000 Frontier Group shares at an average price of $8.09, generating approximately $1.01 million. The transaction reduced his stake by 69.92%, leaving him with 53,785 shares.
• Frontier Group shares fell 4.7% to $7.58, though the company reported better-than-expected quarterly results: revenue rose 37.7% year over year to $1.28 billion, and its $0.10 per-share loss was narrower than analysts expected.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $6.86, despite some institutions increasing their holdings and Zacks Research upgrading the stock to “strong buy.”

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) CFO Mark Christopher Mitchell sold 125,000 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $8.09, for a total value of $1,011,250.00. Following the sale, the chief financial officer owned 53,785 shares of the company's stock, valued at $435,120.65. This trade represents a 69.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Frontier Group Stock Down 4.7%

Frontier Group stock traded down $0.37 during midday trading on Thursday, hitting $7.58. 3,339,362 shares of the stock were exchanged, compared to its average volume of 4,728,884. Frontier Group Holdings, Inc. has a 52-week low of $3.02 and a 52-week high of $8.40. The business's 50-day moving average price is $6.73 and its 200-day moving average price is $5.25. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -4.51 and a beta of 2.59.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.47) by $0.37. Frontier Group had a negative return on equity of 35.54% and a negative net margin of 9.29%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted ($0.31) earnings per share. Frontier Group's revenue was up 37.7% on a year-over-year basis. 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. On average, research analysts expect that Frontier Group Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

Institutional investors have recently added to or reduced their stakes in the company. U S Global Investors Inc. grew its stake in shares of Frontier Group by 63.9% in the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company's stock worth $23,938,000 after purchasing an additional 2,643,448 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Frontier Group by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company's stock worth $17,860,000 after buying an additional 209,154 shares during the period. Bank of America Corp DE increased its stake in shares of Frontier Group by 39.2% during the third quarter. Bank of America Corp DE now owns 3,027,309 shares of the company's stock valued at $13,366,000 after purchasing an additional 852,798 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Frontier Group by 48.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company's stock valued at $9,723,000 after buying an additional 718,147 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Frontier Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company's stock worth $10,347,000 after buying an additional 8,946 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Frontier Group from $5.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Frontier Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Frontier Group from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, July 30th. Barclays raised their price target on Frontier Group from $4.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 25th. Finally, UBS Group increased their price objective on Frontier Group from $4.00 to $7.00 and gave the stock a "neutral" rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Frontier Group has a consensus rating of "Reduce" and an average target price of $6.86.

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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