SG Americas Securities LLC Cuts Stock Position in Frontier Group Holdings, Inc. $ULCC

SG Americas Securities LLC decreased its position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 68.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,967 shares of the company’s stock after selling 238,227 shares during the quarter. SG Americas Securities LLC’s holdings in Frontier Group were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ULCC. U S Global Investors Inc. lifted its stake in shares of Frontier Group by 59.2% in the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock valued at $22,524,000 after acquiring an additional 2,306,248 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Frontier Group in the 2nd quarter worth approximately $5,387,000. Jump Financial LLC bought a new stake in Frontier Group in the second quarter valued at approximately $4,190,000. Primecap Management Co. CA boosted its stake in shares of Frontier Group by 96.8% during the second quarter. Primecap Management Co. CA now owns 854,900 shares of the company’s stock valued at $3,103,000 after purchasing an additional 420,600 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Frontier Group by 2,348.4% in the second quarter. BNP Paribas Financial Markets now owns 431,179 shares of the company’s stock worth $1,565,000 after purchasing an additional 413,568 shares during the last quarter.

Frontier Group Trading Up 1.4%

NASDAQ:ULCC opened at $5.24 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -8.59 and a beta of 2.55. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average price is $4.85 and its 200-day moving average price is $4.57. 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 data on Wednesday, November 5th. The company reported ($0.34) EPS for the quarter, meeting the consensus estimate of ($0.34). The company had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.Frontier Group’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. On average, equities research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 82,627 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $5.78, for a total value of $477,584.06. Following the completion of the sale, the chief executive officer owned 631,836 shares in the company, valued at $3,652,012.08. This represents a 11.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the sale, the senior vice president directly owned 77,312 shares of the company’s stock, valued at approximately $463,872. This trade represents a 6.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 305,000 shares of company stock valued at $1,670,444. 48.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ULCC shares. Bank of America reiterated an “underperform” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Morgan Stanley dropped their price target on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. UBS Group reissued a “neutral” rating and set a $6.00 price objective (up from $4.00) on shares of Frontier Group in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research report on Monday, December 29th. Finally, Citigroup began coverage on shares of Frontier Group in a research note on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.38.

Frontier Group Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.