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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.96.

A number of research analysts have weighed in on ULCC shares. Barclays upped their target price on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. UBS Group increased their price target on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Tuesday. Susquehanna upped their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday. Evercore ISI lifted their target price on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, 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 report on Wednesday, December 11th.

Insider Transactions at Frontier Group

In related news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value 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. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. Insiders sold 355,000 shares of company stock worth $2,569,150 over the last three months. 81.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Group

Large investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC boosted its holdings in shares of Frontier Group by 9.7% in the third quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company’s stock worth $1,910,000 after buying an additional 31,559 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Frontier Group during the 3rd quarter worth $145,000. Barclays PLC grew its position in shares of Frontier Group by 378.6% during the 3rd quarter. Barclays PLC now owns 72,866 shares of the company’s stock valued at $389,000 after acquiring an additional 57,642 shares during the period. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 441,001 shares during the period. Finally, MCIA Inc lifted its position in Frontier Group by 11.2% during the third quarter. MCIA Inc now owns 163,992 shares of the company’s stock valued at $877,000 after purchasing an additional 16,577 shares in the last quarter.

Frontier Group Stock Performance

Shares of ULCC stock opened at $8.16 on Friday. The company has a market capitalization of $1.84 billion, a P/E ratio of -203.95 and a beta of 2.32. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $8.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $5.20.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. Analysts expect that Frontier Group will post 0.05 earnings per share for the current 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.