Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.46.

Several research firms have recently weighed in on ULCC. TD Cowen boosted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Evercore ISI boosted their target price on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a report on Monday, September 30th. Barclays boosted their price objective on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, UBS Group began 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.

Frontier Group Stock Down 1.7 %

Frontier Group stock opened at $7.11 on Friday. The firm has a 50 day moving average price of $6.35 and a 200-day moving average price of $5.12. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. Frontier Group has a twelve month low of $2.79 and a twelve month high of $8.33. The company has a market capitalization of $1.60 billion, a P/E ratio of -177.71 and a beta of 2.43.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share. As a group, equities analysts predict that Frontier Group will post 0.05 EPS for the current year.

Insider Transactions at Frontier Group

In other Frontier Group news, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the completion of the sale, the chief executive officer now owns 784,817 shares of the company’s stock, valued at $5,399,540.96. The trade was a 16.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares of the company’s stock, valued at $1,874,397. The trade was 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 owned by insiders.

Institutional Trading of Frontier Group

Several institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC increased its position in shares of Frontier Group by 9.7% in the third quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company’s stock valued at $1,910,000 after acquiring an additional 31,559 shares during the period. Virtu Financial LLC bought a new stake in shares of Frontier Group in the 3rd quarter worth approximately $145,000. Barclays PLC increased its stake in shares of Frontier Group by 378.6% during the third quarter. Barclays PLC now owns 72,866 shares of the company’s stock valued at $389,000 after buying an additional 57,642 shares during the period. Geode Capital Management LLC raised its holdings in shares of Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock valued at $8,512,000 after acquiring an additional 441,001 shares in the last quarter. Finally, MCIA Inc lifted its stake in Frontier Group by 11.2% in the third quarter. MCIA Inc now owns 163,992 shares of the company’s stock worth $877,000 after acquiring an additional 16,577 shares during the period.

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.