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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.74.

Several brokerages have recently commented on ULCC. Barclays increased their target price on Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Morgan Stanley boosted their target price on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Susquehanna increased their price target 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. Finally, UBS Group boosted their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.

Frontier Group Trading Down 2.7 %

Shares of ULCC stock opened at $7.20 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.64 billion, a P/E ratio of 20.00 and a beta of 2.34. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26. The firm has a 50-day moving average price of $8.13 and a 200 day moving average price of $6.29.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping 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%. Research analysts forecast that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Frontier Group

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now owns 175,886 shares in the company, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $6.88, for a total value of $1,100,800.00. Following the completion of the sale, the chief executive officer now directly owns 784,817 shares of the company’s stock, valued at approximately $5,399,540.96. This trade represents a 16.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 875,830 shares of company stock worth $6,984,339 in the last three months. Insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after acquiring an additional 441,001 shares in the last quarter. Algert Global LLC raised its position in shares of Frontier Group by 80.2% during the third quarter. Algert Global LLC now owns 451,508 shares of the company’s stock worth $2,416,000 after purchasing an additional 200,885 shares during the period. Creative Planning lifted its holdings in shares of Frontier Group by 81.0% during the 3rd quarter. Creative Planning now owns 234,026 shares of the company’s stock valued at $1,252,000 after purchasing an additional 104,707 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Frontier Group in the 3rd quarter valued at approximately $54,000. Finally, Barclays PLC increased its stake in Frontier Group by 378.6% during the 3rd quarter. Barclays PLC now owns 72,866 shares of the company’s stock worth $389,000 after purchasing an additional 57,642 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.