Rhumbline Advisers Has $789,000 Stock Position in Frontier Group Holdings, Inc. (NASDAQ:ULCC)

Rhumbline Advisers boosted its position in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,070 shares of the company’s stock after purchasing an additional 3,543 shares during the period. Rhumbline Advisers owned 0.07% of Frontier Group worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ULCC. Price T Rowe Associates Inc. MD lifted its position in shares of Frontier Group by 11.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after buying an additional 2,746 shares during the last quarter. Simplicity Wealth LLC lifted its position in shares of Frontier Group by 17.6% in the second quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock worth $146,000 after buying an additional 4,428 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Frontier Group by 23.3% in the first quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock worth $204,000 after buying an additional 4,756 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Frontier Group by 152.5% in the second quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after buying an additional 6,100 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of Frontier Group in the second quarter worth about $45,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ULCC. Susquehanna reduced their price target on Frontier Group from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Raymond James lowered Frontier Group from a “market perform” rating to an “underperform” rating in a research note on Friday, July 5th. Finally, Citigroup lifted their price objective on Frontier Group from $3.50 to $4.70 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.92.

Frontier Group Trading Down 3.7 %

Shares of ULCC opened at $4.20 on Tuesday. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.33. The firm has a market capitalization of $940.62 million, a price-to-earnings ratio of -35.00 and a beta of 2.49. The stock’s 50-day moving average price is $3.71 and its 200 day moving average price is $5.26. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The company had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, research analysts predict that Frontier Group Holdings, Inc. will post -0.07 earnings per share for the current 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.