Frontier Group (NASDAQ:ULCC) Trading Down 5.7% - Should You Sell?

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) shares dropped 5.7% during trading on Monday . The company traded as low as $5.63 and last traded at $5.63. Approximately 1,073,392 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 2,094,667 shares. The stock had previously closed at $5.97.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ULCC. Bank of America reduced their price target on Frontier Group from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Evercore ISI lifted their target price on shares of Frontier Group from $4.00 to $5.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Susquehanna increased their price target on shares of Frontier Group from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Monday. TD Cowen lifted their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the company a "hold" rating in a report on Monday, September 16th. Finally, Raymond James raised shares of Frontier Group from an "underperform" rating to a "market perform" rating in a research note on Monday, September 30th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.22.

Frontier Group Trading Down 4.5 %

The firm has a market capitalization of $1.28 billion, a PE ratio of -142.50 and a beta of 2.50. The business has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $4.95. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Frontier Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now owns 34,035 shares in the company, valued at $204,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 81.50% of the stock is currently owned by insiders.

Institutional Trading of Frontier Group

Several large investors have recently added to or reduced their stakes in ULCC. Blue Trust Inc. bought a new position in shares of Frontier Group during the second quarter worth about $45,000. nVerses Capital LLC raised its position 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 worth $50,000 after buying an additional 6,100 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Frontier Group in the 3rd quarter valued at about $55,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Frontier Group during the 2nd quarter valued at $58,000. Finally, Arizona State Retirement System increased its position in shares of Frontier Group by 29.0% in the second quarter. Arizona State Retirement System now owns 15,672 shares of the company's stock worth $77,000 after acquiring an additional 3,521 shares in 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.