Frontier Group (NASDAQ:ULCC) Trading 5.2% Higher - Still a Buy?

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) were up 5.2% during mid-day trading on Tuesday . The stock traded as high as $3.35 and last traded at $3.33. Approximately 375,666 shares changed hands during trading, a decline of 85% from the average daily volume of 2,453,855 shares. The stock had previously closed at $3.16.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ULCC shares. Susquehanna cut their price objective on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Bank of America reduced their price objective on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. UBS Group dropped their target price on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Barclays reduced their target price on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI dropped their price target on Frontier Group from $7.00 to $5.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.11.

Frontier Group Stock Up 2.6 %

The firm has a market cap of $720.38 million, a PE ratio of 8.81 and a beta of 2.52. 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 business has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $6.51.

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, 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, analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.

Insider Activity at Frontier Group

In related news, EVP Howard Diamond sold 87,830 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the sale, the executive vice president now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now owns 23,912 shares in the company, valued at $158,536.56. This represents a 38.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.00% of the company's stock.

Hedge Funds Weigh In On Frontier Group

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