Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Rating of "Hold" from Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has received a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.58.

ULCC has been the topic of a number of research reports. Citigroup reiterated a "neutral" rating and issued a $7.25 price target on shares of Frontier Group in a report on Thursday. Barclays lifted their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Susquehanna lifted their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, UBS Group lowered their target price on Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday.

Frontier Group Price Performance

Shares of NASDAQ:ULCC traded up $0.20 during trading on Friday, hitting $5.67. 2,501,435 shares of the company's stock were exchanged, compared to its average volume of 2,215,030. The business's 50-day simple moving average is $7.73 and its 200 day simple moving average is $6.62. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 15.75 and a beta of 2.37. Frontier Group has a 52-week low of $2.79 and a 52-week high of $10.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48.

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Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. As a group, equities analysts predict that Frontier Group will post 0.91 EPS for the current year.

Insider Activity

In other Frontier Group news, SVP Alexandre Clerc sold 15,152 shares of the company's stock in a transaction on Friday, March 7th. The shares were 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 approximately $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of Frontier Group 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 in the company, valued at approximately $336,461.30. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 700,982 shares of company stock worth $5,811,797 in the last quarter. Corporate insiders own 81.50% of the company's stock.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently bought and sold shares of ULCC. Voloridge Investment Management LLC boosted its stake in shares of Frontier Group by 835.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock worth $12,101,000 after acquiring an additional 1,520,094 shares during the last quarter. Highland Peak Capital LLC acquired a new stake in Frontier Group during the 4th quarter worth $6,492,000. Two Sigma Investments LP grew its holdings in shares of Frontier Group by 488.9% during the fourth quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock worth $6,971,000 after buying an additional 813,929 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of Frontier Group in the fourth quarter valued at about $4,977,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Frontier Group by 247.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company's stock worth $6,585,000 after buying an additional 659,811 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.