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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.96.

Several analysts recently issued reports on the company. UBS Group lifted their target price on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday. TD Cowen lifted their price objective 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. Bank of America dropped their target price on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Morgan Stanley decreased their price target on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Finally, Evercore ISI raised their price objective on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd.

Insider Transactions at Frontier Group

In related news, Director Josh T. Connor sold 30,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the sale, the director now directly owns 326,550 shares of the company’s stock, valued at $1,874,397. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.88, for a total value of $1,260,800.00. Following the transaction, the chief executive officer now owns 1,024,817 shares of the company’s stock, valued at $8,075,557.96. This trade represents a 13.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 355,000 shares of company stock worth $2,569,150. 81.50% of the stock is currently owned by company insiders.

Institutional Trading of Frontier Group

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

Frontier Group Stock Performance

ULCC opened at $8.16 on Friday. The company has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $5.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $1.84 billion, a P/E ratio of -203.95 and a beta of 2.32. Frontier Group has a 1-year low of $2.79 and a 1-year high of $8.41.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same period in the previous year, the firm earned ($0.14) EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Frontier Group will post 0.05 earnings per share for the current fiscal year.

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.