Citigroup Inc. Purchases 348,739 Shares of Frontier Group Holdings, Inc. $ULCC

Citigroup Inc. boosted its holdings in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,824,859 shares of the company’s stock after buying an additional 348,739 shares during the quarter. Citigroup Inc. owned approximately 1.23% of Frontier Group worth $12,472,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ULCC. AQR Capital Management LLC increased its position 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 acquiring an additional 5,913 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Frontier Group by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after purchasing an additional 251,509 shares during the last quarter. CWM LLC increased its holdings 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 purchasing an additional 6,253 shares during the period. Versor Investments LP acquired a new stake in Frontier Group in the second quarter valued at $122,000. Finally, Savant Capital LLC bought a new position in Frontier Group during the 2nd quarter worth $133,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a report on Tuesday, February 10th. Morgan Stanley lowered their price target on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Citigroup started coverage on shares of Frontier Group in a research note on Thursday, December 4th. They issued a “neutral” rating and a $5.00 price objective on the stock. Finally, UBS Group reiterated 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $6.13.

Insider Activity

In other news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the transaction, the senior vice president directly owned 94,926 shares of the company’s stock, valued at $569,556. This represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Barry Biffle sold 82,627 shares of Frontier Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $477,584.06. Following the completion of the sale, the chief executive officer directly owned 631,836 shares of the company’s stock, valued at approximately $3,652,012.08. The trade was a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 310,000 shares of company stock valued at $1,700,444. 48.00% of the stock is currently owned by company insiders.

Frontier Group Stock Performance

Shares of ULCC stock opened at $4.44 on Friday. The firm has a 50 day moving average of $5.10 and a 200-day moving average of $4.77. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of 0.78 and a beta of 2.55. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.73. Frontier Group Holdings, Inc. has a 52 week low of $2.89 and a 52 week high of $7.49.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Wednesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.13. Frontier Group had a negative net margin of 3.68% and a negative return on equity of 27.39%. The business had revenue of $997.00 million for the quarter, compared to analyst estimates of $971.35 million. During the same period in the prior year, the firm earned $0.23 earnings per share. Frontier Group’s revenue was down .5% on a year-over-year basis. Frontier Group has set its FY 2026 guidance at -0.400-0.500 EPS and its Q1 2026 guidance at -0.440–0.260 EPS. On average, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

About Frontier Group

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.