Frontier Group Holdings, Inc. $ULCC Position Raised by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,550 shares of the company’s stock after purchasing an additional 11,009 shares during the period. Invesco Ltd.’s holdings in Frontier Group were worth $350,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ULCC. Wealth Enhancement Advisory Services LLC grew its holdings in Frontier Group by 71.8% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Frontier Group by 8.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock worth $536,000 after acquiring an additional 5,834 shares during the period. Dimensional Fund Advisors LP grew its holdings in Frontier Group by 210.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 804,693 shares of the company’s stock worth $5,721,000 after acquiring an additional 545,485 shares during the period. Rhumbline Advisers grew its holdings 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 during the period. Finally, BNP Paribas Financial Markets acquired a new position in Frontier Group during the fourth quarter worth about $192,000.

Frontier Group Stock Performance

Shares of NASDAQ ULCC opened at $5.18 on Friday. Frontier Group Holdings, Inc. has a one year low of $2.89 and a one year high of $10.26. The firm has a market capitalization of $1.18 billion, a PE ratio of -32.38 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. The business has a 50-day moving average price of $4.31 and a two-hundred day moving average price of $4.40.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $951.92 million. Frontier Group had a negative return on equity of 12.56% and a negative net margin of 0.87%.The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. Frontier Group has set its Q3 2025 guidance at -0.420–0.260 EPS. As a group, analysts predict that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ULCC. UBS Group decreased their price target on Frontier Group from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Bank of America cut their price objective on Frontier Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Morgan Stanley cut their price objective on 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, Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $8.00 in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Frontier Group currently has a consensus rating of “Hold” and an average target price of $5.61.

Frontier Group 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.