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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.41.

ULCC has been the subject of several analyst reports. Susquehanna raised their price target on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. UBS Group raised their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays raised their target price on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Finally, Morgan Stanley dropped their target price on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th.

Insider Transactions at Frontier Group

In other news, Director Josh T. Connor sold 30,000 shares of Frontier Group stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the transaction, the director now owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 788,000 shares of company stock worth $6,214,070 in the last 90 days. 81.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ULCC. R Squared Ltd purchased a new position in shares of Frontier Group during the 4th quarter valued at $32,000. KLP Kapitalforvaltning AS purchased a new position in shares of Frontier Group during the 4th quarter valued at $50,000. Victory Capital Management Inc. purchased a new position in shares of Frontier Group during the 3rd quarter valued at $54,000. Ballentine Partners LLC purchased a new position in shares of Frontier Group during the 3rd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after buying an additional 7,380 shares in the last quarter.

Frontier Group Price Performance

Shares of ULCC opened at $7.94 on Monday. The company has a market capitalization of $1.80 billion, a P/E ratio of 22.06 and a beta of 2.35. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $8.03 and a 200 day moving average of $6.18. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. As a group, equities research analysts anticipate that Frontier Group will post 0.91 earnings per share for the current fiscal 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.