Deutsche Bank Aktiengesellschaft Downgrades Frontier Group (NASDAQ:ULCC) to Hold

Frontier Group (NASDAQ:ULCC) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. They currently have a $8.00 price target on the stock, down from their previous price target of $12.00. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 15.94% from the company’s current price.

ULCC has been the subject of a number of other research reports. Morgan Stanley boosted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. UBS Group boosted their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays boosted their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Susquehanna boosted their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.74.

Frontier Group Stock Performance

Shares of NASDAQ ULCC opened at $6.90 on Tuesday. The company has a market cap of $1.57 billion, a P/E ratio of 19.17 and a beta of 2.35. Frontier Group has a 52-week low of $2.79 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The firm’s fifty day moving average is $8.11 and its two-hundred day moving average is $6.39.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Friday, February 7th. The company reported $0.23 earnings per share (EPS) 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, analysts anticipate that Frontier Group will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 in the company, valued at approximately $5,399,540.96. The trade was a 16.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Howard Diamond sold 87,830 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the sale, the executive vice president now owns 175,886 shares of the company’s stock, valued at $1,542,520.22. This represents a 33.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 845,830 shares of company stock worth $6,812,139 over the last 90 days. 81.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Frontier Group

Several institutional investors have recently bought and sold shares of ULCC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Frontier Group by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock worth $536,000 after purchasing an additional 5,834 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock worth $12,101,000 after acquiring an additional 1,520,094 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Frontier Group by 1,494.8% during the 4th quarter. Squarepoint Ops LLC now owns 384,403 shares of the company’s stock worth $2,733,000 after acquiring an additional 360,299 shares during the period. Towle & Co. lifted its holdings in shares of Frontier Group by 6.1% during the 4th quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock worth $16,701,000 after acquiring an additional 134,723 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Frontier Group by 310.2% during the 4th quarter. Two Sigma Advisers LP now owns 274,400 shares of the company’s stock worth $1,951,000 after acquiring an additional 207,500 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.