Frontier Group (NASDAQ:ULCC) Price Target Lowered to $4.00 at UBS Group

Frontier Group (NASDAQ:ULCC - Free Report) had its price target trimmed by UBS Group from $7.00 to $4.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

ULCC has been the topic of a number of other reports. Citigroup reaffirmed a "neutral" rating and set a $7.25 price target on shares of Frontier Group in a report on Thursday, March 20th. Barclays upped their target price on shares of Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Morgan Stanley boosted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. Finally, Susquehanna decreased their target price on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.11.

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Frontier Group Stock Down 5.6 %

NASDAQ:ULCC traded down $0.20 on Monday, reaching $3.37. 10,107,589 shares of the stock traded hands, compared to its average volume of 2,443,882. The company's fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.58. The company has a market capitalization of $765.83 million, a price-to-earnings ratio of 9.36 and a beta of 2.52. Frontier Group has a 12 month low of $2.79 and a 12 month high of $10.26. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Equities analysts predict that Frontier Group will post 0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Howard Diamond sold 87,830 shares of the 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 completion of the sale, the executive vice president now directly owns 175,886 shares of the company's stock, valued at $1,542,520.22. This represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the transaction, the senior vice president now owns 23,912 shares in the company, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 535,982 shares of company stock worth $4,515,647 over the last quarter. 81.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Frontier Group during the fourth quarter worth about $32,000. KLP Kapitalforvaltning AS purchased a new stake in Frontier Group during the 4th quarter valued at approximately $50,000. Nisa Investment Advisors LLC raised its position in shares of Frontier Group by 1,230.0% during the fourth 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. ProShare Advisors LLC purchased a new position in shares of Frontier Group in the fourth quarter worth $84,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company's stock worth $64,000 after buying an additional 8,507 shares in the last quarter.

About Frontier Group

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.