Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) shares traded down 6.1% on Wednesday . The company traded as low as $9.16 and last traded at $9.14. 5,236,470 shares were traded during mid-day trading, an increase of 89% from the average session volume of 2,773,649 shares. The stock had previously closed at $9.73.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Frontier Group from $6.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Susquehanna boosted their target price on shares of Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Morgan Stanley dropped their target price on shares of Frontier Group from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.41.
Read Our Latest Report on Frontier Group
Frontier Group Stock Up 3.9 %
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 firm has a market capitalization of $1.99 billion, a PE ratio of -221.19 and a beta of 2.35. The company's 50 day simple moving average is $7.79 and its 200-day simple moving average is $5.99.
Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.20. On average, analysts forecast that Frontier Group Holdings, Inc. will post 0.12 EPS for the current fiscal year.
Insider Activity at Frontier Group
In related news, CEO Barry Biffle sold 273,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.44, for a total transaction 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. This trade represents a 25.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the transaction, the director now directly owns 326,550 shares in the company, valued at approximately $1,874,397. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 788,000 shares of company stock valued at $6,214,070. Insiders own 81.50% of the company's stock.
Hedge Funds Weigh In On Frontier Group
Several institutional investors and hedge funds have recently made changes to their positions in ULCC. Vanguard Group Inc. grew its holdings in Frontier Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company's stock worth $58,207,000 after acquiring an additional 26,682 shares during the last quarter. U S Global Investors Inc. grew its holdings in Frontier Group by 71.4% in the 3rd quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company's stock worth $40,473,000 after acquiring an additional 3,150,768 shares during the last quarter. Geode Capital Management LLC grew its holdings in Frontier Group by 2.2% in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Frontier Group by 247.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company's stock worth $6,585,000 after acquiring an additional 659,811 shares during the last quarter. Finally, Highland Peak Capital LLC bought a new stake in Frontier Group in the 4th quarter worth $6,492,000.
Frontier Group Company Profile
(
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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