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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have earned a consensus rating of "Hold" from the eleven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.11.

Several brokerages recently issued reports on ULCC. Susquehanna cut their target price on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Citigroup cut their price objective on shares of Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barclays lowered their target price on Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley raised their price objective on Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut Frontier Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $8.00 in a research report on Tuesday, March 4th.

Frontier Group Stock Performance

Shares of NASDAQ ULCC traded up $0.08 during midday trading on Tuesday, hitting $3.17. 3,318,691 shares of the stock traded hands, compared to its average volume of 2,502,611. The firm has a market capitalization of $720.38 million, a P/E ratio of 8.81 and a beta of 2.52. Frontier Group has a one year low of $2.79 and a one year high of $10.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a 50-day moving average of $5.75 and a two-hundred day moving average of $6.51.

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

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the sale, the senior vice president now directly owns 23,912 shares of the company's stock, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Howard Diamond sold 87,830 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total value of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares of the company's stock, valued at approximately $1,542,520.22. The trade was a 33.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 81.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Frontier Group

Institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Frontier Group during the 4th quarter valued at about $32,000. Byrne Asset Management LLC bought a new stake in Frontier Group during the first quarter worth approximately $35,000. KLP Kapitalforvaltning AS purchased a new stake in Frontier Group during the fourth quarter valued at approximately $50,000. Nisa Investment Advisors LLC lifted its stake in shares of Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock valued at $57,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Frontier Group by 71.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,061 shares of the company's stock worth $78,000 after purchasing an additional 7,546 shares during the period.

About Frontier Group

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.