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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.46.

A number of research firms recently commented on ULCC. UBS Group began coverage on Frontier Group in a research report on Tuesday, November 26th. They issued a “neutral” rating and a $6.00 price target for the company. Evercore ISI increased their price target on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Citigroup increased their price target on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley reduced their price objective on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Finally, Susquehanna upped their price objective on Frontier Group from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Frontier Group

In other news, Director Josh T. Connor sold 30,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares in the company, valued at approximately $1,874,397. This represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the transaction, the senior vice president now owns 34,035 shares of the company’s stock, valued at $204,210. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Frontier Group by 11.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after purchasing an additional 2,746 shares during the period. Simplicity Wealth LLC boosted its stake in Frontier Group by 17.6% in the 2nd quarter. Simplicity Wealth LLC now owns 29,532 shares of the company’s stock worth $146,000 after purchasing an additional 4,428 shares during the period. SG Americas Securities LLC bought a new position in Frontier Group in the 2nd quarter worth about $659,000. Blue Trust Inc. bought a new position in Frontier Group in the 2nd quarter worth about $45,000. Finally, Bank of New York Mellon Corp boosted its stake in Frontier Group by 24.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 130,509 shares of the company’s stock worth $643,000 after purchasing an additional 25,523 shares during the period.

Frontier Group Trading Down 2.6 %

NASDAQ ULCC opened at $6.31 on Wednesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -157.71 and a beta of 2.43. The business has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $4.96. Frontier Group has a 12 month low of $2.79 and a 12 month high of $8.33. 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) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $943.30 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, analysts predict that Frontier Group will post 0.05 EPS for the current fiscal year.

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.