Geode Capital Management LLC Has $7.48 Million Stock Position in Frontier Group Holdings, Inc. $ULCC

Geode Capital Management LLC boosted its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 24.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,060,452 shares of the company’s stock after acquiring an additional 410,392 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Frontier Group worth $7,481,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ULCC. Voleon Capital Management LP grew its stake in shares of Frontier Group by 9.4% during the first quarter. Voleon Capital Management LP now owns 38,692 shares of the company’s stock valued at $168,000 after purchasing an additional 3,335 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of 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 buying an additional 5,913 shares during the period. CWM LLC raised its position in shares of Frontier Group by 165.0% during the second quarter. CWM LLC now owns 10,042 shares of the company’s stock worth $36,000 after acquiring an additional 6,253 shares during the last quarter. Baron Wealth Management LLC acquired a new position in shares of Frontier Group during the second quarter valued at $37,000. Finally, MQS Management LLC bought a new position in Frontier Group in the second quarter valued at about $37,000.

Frontier Group Stock Up 3.8%

Shares of NASDAQ ULCC opened at $5.17 on Friday. Frontier Group Holdings, Inc. has a 52-week low of $2.89 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market cap of $1.18 billion, a P/E ratio of -8.48 and a beta of 2.55. The firm has a 50 day moving average price of $4.19 and a 200 day moving average price of $4.25.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The company had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. During the same period last year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Analysts expect that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group boosted their price objective on Frontier Group from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Susquehanna lifted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Citigroup initiated coverage on shares of Frontier Group in a report on Thursday. They issued a “neutral” rating and a $5.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and upped their target price for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Frontier Group currently has an average rating of “Hold” and an average price target of $6.25.

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.