Frontier Group Holdings, Inc. $ULCC Shares Sold by Creative Planning

Creative Planning lessened its holdings in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 380,598 shares of the company’s stock after selling 20,901 shares during the period. Creative Planning owned 0.17% of Frontier Group worth $1,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ULCC. CWM LLC boosted its stake in Frontier Group by 165.0% in the second quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after acquiring an additional 6,253 shares during the period. Baron Wealth Management LLC bought a new stake in shares of Frontier Group in the 2nd quarter worth approximately $37,000. MQS Management LLC acquired a new position in Frontier Group during the 2nd quarter valued at approximately $37,000. May Hill Capital LLC acquired a new position in Frontier Group during the 2nd quarter valued at approximately $42,000. Finally, ProShare Advisors LLC bought a new position in Frontier Group during the 2nd quarter worth $63,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and raised their target price for the company from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a research report on Thursday, September 25th. Susquehanna boosted their target price on shares of Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a research note on Tuesday. Finally, UBS Group lifted their price target on Frontier Group from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.13.

Frontier Group Stock Performance

Shares of ULCC opened at $4.55 on Friday. The firm has a 50-day moving average price of $4.21 and a 200 day moving average price of $4.23. The firm has a market capitalization of $1.04 billion, a PE ratio of -7.45 and a beta of 2.57. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, hitting analysts’ consensus estimates of ($0.34). The company had revenue of $886.00 million for the quarter, compared to the consensus estimate of $900.07 million. Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. Frontier Group’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. On average, sell-side analysts anticipate 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.