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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.46.

Several analysts recently commented on ULCC shares. Citigroup increased their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their target price on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Morgan Stanley reduced their price target on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Finally, Barclays raised their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th.

Frontier Group Stock Down 1.7 %

Shares of NASDAQ:ULCC opened at $7.11 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -177.71 and a beta of 2.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a 50 day moving average price of $6.35 and a 200-day moving average price of $5.12. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.33.

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 analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Frontier Group will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Josh T. Connor sold 30,000 shares of Frontier Group stock in a transaction that occurred 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 sale, the director now owns 326,550 shares in the company, valued at $1,874,397. This trade represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 784,817 shares of the company’s stock, valued at approximately $5,399,540.96. This represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

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

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.