Goldman Sachs Group Inc. Acquires 251,509 Shares of Frontier Group Holdings, Inc. $ULCC

Goldman Sachs Group Inc. increased its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 33.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,013,456 shares of the company’s stock after buying an additional 251,509 shares during the period. Goldman Sachs Group Inc. owned 0.44% of Frontier Group worth $4,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Byrne Asset Management LLC bought a new position in Frontier Group in the 1st quarter valued at $35,000. Victory Capital Management Inc. bought a new position in Frontier Group in the 1st quarter valued at $76,000. Kapitalo Investimentos Ltda bought a new position in Frontier Group in the 1st quarter valued at $77,000. Wealth Enhancement Advisory Services LLC boosted its holdings in 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 period. Finally, AQR Capital Management LLC boosted its holdings in Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after purchasing an additional 5,913 shares during the period.

Analysts Set New Price Targets

Several research firms have recently weighed in on ULCC. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. UBS Group dropped their price objective on shares of Frontier Group from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Bank of America dropped their price objective on shares of Frontier Group from $4.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.81.

Frontier Group Trading Up 0.2%

NASDAQ:ULCC opened at $5.42 on Thursday. Frontier Group Holdings, Inc. has a one year low of $2.89 and a one year high of $10.26. 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’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $4.29. The firm has a market capitalization of $1.24 billion, a P/E ratio of -33.88 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate 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 business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $951.92 million. During the same period in the previous year, the firm earned $0.14 EPS. The company’s 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 Holdings, Inc. will post 0.91 EPS 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.