Frontier Group Target of Unusually Large Options Trading (NASDAQ:ULCC)

Frontier Group Holdings, Inc. (NASDAQ:ULCC) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 3,680 call options on the stock. Thisisanincreaseofapproximately247% compared to the average daily volume of 1,061 call options.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. lifted its holdings in Frontier Group by 59.2% during the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock worth $22,524,000 after buying an additional 2,306,248 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Frontier Group by 31.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company’s stock worth $17,042,000 after buying an additional 578,151 shares in the last quarter. Towle & Co. lifted its holdings in Frontier Group by 6.1% during the 4th quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock worth $16,701,000 after buying an additional 134,723 shares in the last quarter. Par Capital Management Inc. lifted its holdings in Frontier Group by 1.2% during the 2nd quarter. Par Capital Management Inc. now owns 2,181,100 shares of the company’s stock worth $7,917,000 after buying an additional 25,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Frontier Group by 24.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company’s stock worth $7,481,000 after buying an additional 410,392 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Frontier Group from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $8.00 in a report on Tuesday. 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 report on Monday, May 19th. Finally, Bank of America lowered their price target on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Frontier Group presently has a consensus rating of “Hold” and an average target price of $5.61.

Frontier Group Stock Up 14.5%

ULCC stock opened at $5.61 on Wednesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -35.06 and a beta of 2.63. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Frontier Group has a 12 month low of $2.89 and a 12 month high of $10.26. The firm has a 50-day moving average of $4.21 and a two-hundred day moving average of $4.48.

Frontier Group (NASDAQ:ULCC) last posted 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). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $951.92 million. During the same period last year, the company earned $0.14 EPS. The business’s quarterly revenue 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, analysts forecast that Frontier Group 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.