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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.96.

A number of analysts have commented on ULCC shares. Citigroup upped their price target on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut 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. UBS Group raised their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock 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 upped their price target for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Finally, Susquehanna raised their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th.

Frontier Group Price Performance

NASDAQ:ULCC opened at $7.84 on Thursday. Frontier Group has a one year low of $2.79 and a one year high of $8.85. The business has a fifty day moving average price of $7.33 and a 200-day moving average price of $5.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53.

Insider Activity at Frontier Group

In related news, Director Josh T. Connor sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the sale, the director now directly owns 326,550 shares in the company, valued at approximately $1,874,397. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barry Biffle sold 273,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.44, for a total value of $2,304,120.00. Following the transaction, the chief executive officer now directly owns 816,817 shares of the company’s stock, valued at approximately $6,893,935.48. The trade was a 25.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 788,000 shares of company stock valued at $6,214,070. Corporate insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

Several hedge funds have recently modified their holdings of ULCC. U S Global Investors Inc. increased its position in Frontier Group by 71.4% in the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock worth $40,473,000 after purchasing an additional 3,150,768 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Frontier Group by 235.7% in the 3rd quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock worth $3,457,000 after buying an additional 453,736 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Frontier Group by 38.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after buying an additional 441,001 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Frontier Group by 81.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after buying an additional 269,221 shares in the last quarter. Finally, Jade Capital Advisors LLC lifted its holdings in shares of Frontier Group by 624.3% in the 3rd quarter. Jade Capital Advisors LLC now owns 249,436 shares of the company’s stock valued at $1,334,000 after acquiring an additional 215,000 shares during 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.