Frontier Group (NASDAQ:ULCC) Given New $7.00 Price Target at UBS Group

Frontier Group (NASDAQ:ULCC) had its price objective decreased by UBS Group from $10.00 to $7.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on ULCC. Morgan Stanley boosted their target price on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Citigroup reissued a “neutral” rating and issued a $7.25 price target on shares of Frontier Group in a report on Thursday. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Susquehanna boosted their target price on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.58.

Frontier Group Stock Down 7.4 %

ULCC stock opened at $5.52 on Thursday. The firm has a 50 day moving average of $7.78 and a 200 day moving average of $6.56. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26. 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 stock has a market capitalization of $1.25 billion, a PE ratio of 15.33 and a beta of 2.37.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.23 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%. Sell-side analysts forecast that Frontier Group will post 0.91 earnings per share for the current year.

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the sale, the senior vice president now owns 47,590 shares of the company’s stock, valued at approximately $336,461.30. This represents a 9.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alexandre Clerc sold 15,152 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the transaction, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 860,982 shares of company stock valued at $6,912,597. 81.50% of the stock is owned by insiders.

Institutional Trading of Frontier Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Frontier Group by 8.4% during the fourth 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 last quarter. Voloridge Investment Management LLC increased 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 buying an additional 1,520,094 shares during the last quarter. Squarepoint Ops LLC increased 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 buying an additional 360,299 shares during the last quarter. Towle & Co. increased 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 buying an additional 134,723 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Frontier Group by 310.2% during the fourth 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 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.