Susquehanna Has Lowered Expectations for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC - Free Report) had its price objective cut by Susquehanna from $9.00 to $3.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup restated a "neutral" rating and issued a $7.25 price target on shares of Frontier Group in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $12.00 to $8.00 in a research report on Tuesday, March 4th. UBS Group cut their price target on Frontier Group from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Barclays boosted their price objective on Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their target price on Frontier Group from $7.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $6.11.

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Frontier Group Trading Down 5.6 %

Frontier Group stock traded down $0.20 during trading hours on Monday, reaching $3.37. 10,107,589 shares of the company's stock were exchanged, compared to its average volume of 2,443,882. The firm has a market capitalization of $765.83 million, a PE ratio of 9.36 and a beta of 2.52. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The firm's 50 day simple moving average is $6.33 and its 200 day simple moving average is $6.58. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping 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%. Research 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 273,000 shares of the business's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the transaction, the chief executive officer now owns 816,817 shares of the company's stock, valued at approximately $6,893,935.48. The trade was a 25.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 175,886 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 535,982 shares of company stock valued at $4,515,647. 81.50% of the stock is owned by insiders.

Institutional Trading of Frontier Group

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Frontier Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company's stock worth $58,207,000 after purchasing an additional 26,682 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Frontier Group by 31.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company's stock worth $17,042,000 after buying an additional 578,151 shares during the last quarter. Towle & Co. raised its stake in shares of Frontier Group by 6.1% in the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company's stock valued at $16,701,000 after buying an additional 134,723 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after buying an additional 1,520,094 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Frontier Group by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company's stock worth $11,564,000 after acquiring an additional 35,355 shares during the period.

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.