Nuveen LLC Takes $466,000 Position in Frontier Group Holdings, Inc. $ULCC

Nuveen LLC acquired a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 107,263 shares of the company’s stock, valued at approximately $466,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Frontier Group by 71.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company’s stock valued at $78,000 after purchasing an additional 7,546 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Frontier Group by 8.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock valued at $536,000 after purchasing an additional 5,834 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Frontier Group by 210.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 804,693 shares of the company’s stock valued at $5,721,000 after purchasing an additional 545,485 shares during the last quarter. Barclays PLC boosted its stake in shares of Frontier Group by 12.1% in the 4th quarter. Barclays PLC now owns 81,710 shares of the company’s stock valued at $581,000 after purchasing an additional 8,844 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Frontier Group by 99.1% during the first quarter. Rhumbline Advisers now owns 110,193 shares of the company’s stock worth $478,000 after acquiring an additional 54,839 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $4.00 to $8.00 in a research note on Tuesday. Bank of America decreased their target price on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 1st. UBS Group cut their price target on shares of Frontier Group from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Morgan Stanley dropped their price target 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. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.61.

Frontier Group Price Performance

Shares of ULCC stock opened at $5.18 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.36. The company has a market cap of $1.18 billion, a P/E ratio of -32.38 and a beta of 2.63. The stock’s 50-day moving average is $4.28 and its 200 day moving average is $4.46. Frontier Group Holdings, Inc. has a 1-year low of $2.89 and a 1-year high of $10.26.

Frontier Group (NASDAQ:ULCC) last released 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 return on equity of 12.56% and a negative net margin of 0.87%.The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. During the same period last year, the firm earned $0.14 EPS. The company’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. Research analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

About Frontier Group

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.