Frontier Group (NASDAQ:ULCC) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Frontier Group (NASDAQ:ULCC - Free Report) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $8.00 price objective on the stock, down from their prior price objective of $12.00.

ULCC has been the subject of a number of other research reports. Morgan Stanley upped their price objective 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. Barclays raised their price target on shares of Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, February 10th. UBS Group lifted their price objective on Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, Susquehanna raised their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.74.

Frontier Group Stock Up 1.5 %

NASDAQ:ULCC traded up $0.11 during mid-day trading on Tuesday, reaching $7.01. The stock had a trading volume of 708,152 shares, compared to its average volume of 2,952,700. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $1.59 billion, a P/E ratio of 19.49 and a beta of 2.35. The business's 50 day moving average is $8.11 and its 200 day moving average is $6.39. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $10.26.

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 the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, sell-side analysts predict that Frontier Group will post 0.91 earnings per share for the current year.

Insider Activity at Frontier Group

In other Frontier Group news, CEO Barry Biffle sold 160,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the completion of the sale, the chief executive officer now directly owns 784,817 shares of the company's stock, valued at approximately $5,399,540.96. The trade was a 16.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Howard Diamond sold 87,830 shares of Frontier Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares in the company, valued at $1,542,520.22. This represents a 33.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 845,830 shares of company stock valued at $6,812,139 in the last three months. Corporate insiders own 81.50% of the company's stock.

Institutional Trading of Frontier Group

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in Frontier Group by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company's stock worth $217,000 after buying an additional 2,296 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Frontier Group by 4.4% during the fourth quarter. Rhumbline Advisers now owns 55,354 shares of the company's stock valued at $394,000 after purchasing an additional 2,334 shares during the period. R Squared Ltd purchased a new position in shares of Frontier Group in the fourth quarter valued at about $32,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Frontier Group by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company's stock valued at $536,000 after purchasing an additional 5,834 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Frontier Group during the fourth quarter valued at approximately $50,000.

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.