Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) PT at $6.32

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $6.62.

ULCC has been the topic of several recent research reports. Citigroup upped their price objective on Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Evercore ISI upped their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Bank of America lowered 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 note on Friday, September 13th. Finally, TD Cowen increased their price target on Frontier Group from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Monday, September 16th.

Frontier Group Price Performance

NASDAQ:ULCC traded up $0.88 during mid-day trading on Wednesday, hitting $6.89. 5,092,865 shares of the company's stock traded hands, compared to its average volume of 2,151,725. 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 company has a market cap of $1.55 billion, a PE ratio of -172.25 and a beta of 2.43. The firm's 50 day simple moving average is $6.14 and its 200 day simple moving average is $4.95. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.33.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analysts' expectations of $943.30 million. Frontier Group's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) EPS. Sell-side analysts expect that Frontier Group will post 0.04 EPS for the current year.

Insider Transactions at Frontier Group

In other news, SVP Steve Schuller sold 10,000 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 34,035 shares of the company's stock, valued at approximately $204,210. The trade was a 22.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares in the company, valued at approximately $1,874,397. This trade represents a 8.41 % 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

A number of hedge funds have recently made changes to their positions in ULCC. Blue Trust Inc. acquired a new position in Frontier Group in the second quarter worth about $45,000. nVerses Capital LLC increased its holdings in shares of Frontier Group by 152.5% in the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock valued at $50,000 after acquiring an additional 6,100 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Frontier Group in the 3rd quarter valued at approximately $54,000. Ballentine Partners LLC acquired a new stake in shares of Frontier Group during the 3rd quarter valued at approximately $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Frontier Group during the second quarter worth $58,000.

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.