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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.02.

A number of research analysts have recently commented on ULCC shares. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Barclays decreased their price objective on Frontier Group from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Citigroup boosted their price objective on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America decreased their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th.

Insiders Place Their Bets

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the transaction, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors have recently added to or reduced their stakes in ULCC. Price T Rowe Associates Inc. MD boosted its holdings in shares of Frontier Group by 11.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after purchasing an additional 2,746 shares in the last quarter. Arizona State Retirement System increased its stake in Frontier Group by 29.0% in the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after purchasing an additional 3,521 shares during the period. Rhumbline Advisers lifted its position in Frontier Group by 2.3% in the second quarter. Rhumbline Advisers now owns 160,070 shares of the company’s stock valued at $789,000 after purchasing an additional 3,543 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Frontier Group by 41.2% during the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after purchasing an additional 3,744 shares during the period. Finally, XTX Topco Ltd grew its holdings in shares of Frontier Group by 10.6% in the second quarter. XTX Topco Ltd now owns 41,103 shares of the company’s stock worth $203,000 after purchasing an additional 3,936 shares during the last quarter.

Frontier Group Stock Up 0.7 %

Shares of NASDAQ ULCC opened at $7.03 on Tuesday. Frontier Group has a one year low of $2.79 and a one year high of $8.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The business’s fifty day moving average price is $4.81 and its 200-day moving average price is $4.98. The stock has a market capitalization of $1.57 billion, a PE ratio of -58.58 and a beta of 2.55.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The firm had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Frontier Group will post 0.08 EPS for the current 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.