Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Average Recommendation of “Hold” from Analysts

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.58.

A number of brokerages have issued reports on ULCC. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Susquehanna raised 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. Barclays boosted their price target on shares of Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group cut their price objective on Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Morgan Stanley boosted their target price on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th.

Insider Buying and Selling

In other news, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the sale, the senior vice president now owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the sale, the senior vice president now owns 47,590 shares of the company’s stock, valued at $336,461.30. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 700,982 shares of company stock worth $5,811,797. Corporate insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ULCC. R Squared Ltd purchased a new position in Frontier Group in the 4th quarter worth about $32,000. KLP Kapitalforvaltning AS purchased a new position in shares of Frontier Group during the fourth quarter worth approximately $50,000. Victory Capital Management Inc. bought a new stake in shares of Frontier Group during the third quarter valued at approximately $54,000. Nisa Investment Advisors LLC raised its stake 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 acquiring an additional 7,380 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $64,000 after purchasing an additional 8,507 shares during the period.

Frontier Group Stock Down 5.8 %

Shares of ULCC stock opened at $5.34 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.83 and a beta of 2.37. 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 company’s fifty day moving average price is $7.62 and its 200-day moving average price is $6.64. Frontier Group has a one year low of $2.79 and a one year high of $10.26.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.23 EPS 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%. Sell-side analysts expect that Frontier Group will post 0.91 EPS for the current fiscal year.

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.