Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Average Rating of “Hold” by Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given an average recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.32.

Several analysts recently commented on the company. Citigroup boosted their price target on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America decreased their price target on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. UBS Group assumed coverage on Frontier Group in a research note on Tuesday, November 26th. They issued a “neutral” rating and a $6.00 target price for the company. Susquehanna upped their price objective on Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Barclays lifted their target price on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th.

Insider Buying and Selling

In related news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at approximately $204,210. This represents a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares of the company’s stock, valued at $1,874,397. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 81.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. AlTi Global Inc. bought a new stake in Frontier Group during the second quarter worth about $21,222,000. U S Global Investors Inc. raised its holdings in shares of Frontier Group by 71.4% during the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock worth $40,473,000 after buying an additional 3,150,768 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Frontier Group by 235.7% during the 3rd quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock worth $3,457,000 after buying an additional 453,736 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Frontier Group by 38.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after buying an additional 441,001 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Frontier Group by 81.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after buying an additional 269,221 shares in the last quarter.

Frontier Group Stock Performance

NASDAQ:ULCC opened at $6.01 on Wednesday. The firm has a market capitalization of $1.35 billion, a PE ratio of -150.25 and a beta of 2.43. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.33. The firm’s fifty day simple moving average is $6.10 and its 200 day simple moving average is $4.93.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the previous year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontier Group will post 0.04 EPS for the current year.

Frontier Group Company Profile

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.