Frontier Group Holdings (ULCC)

• Market cap: $1.8B
• 1 day: -8.94%
• 5 days: -8.74%
• 1 month: -6.92%
• 3 months: 43.06%
• 6 months: 126.86%
• Year to date: 9.82%
• 1 year: 8.77%
• 5 years: -57.88%
• 10 years: -57.88%
• Sector: Industrials
• Industry: Air Transportation, Scheduled

About: Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. Majority of revenue is from Domestic flight follow by International.

Employees: 7,938

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

77% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 31

32% more capital invested

Capital invested by funds: $624M [Q3] → $822M (+$199M) [Q4]

29% more call options, than puts

Call options by funds: $6.84M | Put options by funds: $5.29M

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

11% more funds holding

Funds holding: 142 [Q3] → 158 (+16) [Q4]

0.63% less ownership

Funds ownership: 51.89% [Q3] → 51.25% (-0.63%) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 12% downside
• Avg. target: $9.10 15% upside
• High target: $14 76% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Barclays Brandon Oglenski 52% 1-year accuracy 34 / 65 met price target	76% upside $14	Overweight Maintained	10 Feb 2025
Susquehanna Christopher Stathoulopoulos 90% 1-year accuracy 18 / 20 met price target	1% upside $8	Neutral Maintained	7 Jan 2025
UBS Atul Maheswari 50% 1-year accuracy 4 / 8 met price target	7% upside $8.50	Neutral Maintained	7 Jan 2025
Morgan Stanley Ravi Shanker 59% 1-year accuracy 16 / 27 met price target	12% downside $7	Equal-Weight Maintained	11 Dec 2024
Deutsche Bank Michael Linenberg 75% 1-year accuracy 6 / 8 met price target	1% upside $8	Buy Upgraded	11 Dec 2024