Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) shares traded up 4.8% on Thursday . The stock traded as high as $6.42 and last traded at $6.38. 1,249,131 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 2,167,064 shares. The stock had previously closed at $6.09.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ULCC. Morgan Stanley dropped their price target on shares of Frontier Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 11th. Citigroup boosted their target price on Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. TD Cowen boosted their price objective on Frontier Group from $3.00 to $4.00 and gave the company a "hold" rating in a report on Monday, September 16th. Finally, Susquehanna increased their target price on Frontier Group from $5.00 to $6.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.46.
View Our Latest Stock Analysis on ULCC
Frontier Group Stock Up 5.6 %
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 fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $4.99. The firm has a market capitalization of $1.45 billion, a PE ratio of -160.71 and a beta of 2.43.
Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $943.30 million. Frontier Group's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. Analysts forecast that Frontier Group Holdings, Inc. will post 0.05 EPS for the current fiscal year.
Insider Transactions at Frontier Group
In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the transaction, the senior vice president now owns 34,035 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares of the company's stock, valued at $1,874,397. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 81.50% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in Frontier Group in the second quarter valued at approximately $45,000. nVerses Capital LLC lifted its holdings in shares of Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock valued at $50,000 after purchasing an additional 6,100 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Frontier Group in the 3rd quarter worth $54,000. Ballentine Partners LLC purchased a new position in Frontier Group during the 3rd quarter worth $55,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group during the 2nd quarter valued at about $58,000.
About Frontier Group
(
Get Free Report)
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.
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