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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.58.

A number of equities research analysts have weighed in on ULCC shares. UBS Group cut their price target on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Susquehanna raised their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley upped their price target on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Citigroup reissued a “neutral” rating and set a $7.25 price objective on shares of Frontier Group in a research note on Thursday, March 20th. Finally, Barclays upped their target price on Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, February 10th.

Insider Transactions at Frontier Group

In related news, EVP Howard Diamond sold 87,830 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 700,982 shares of company stock valued at $5,811,797 over the last three months. 81.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently made changes to their positions in ULCC. Victory Capital Management Inc. acquired a new stake in Frontier Group in the third quarter valued at approximately $54,000. Intech Investment Management LLC bought a new position in shares of Frontier Group during the 3rd quarter valued at $72,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Frontier Group by 81.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock valued at $3,205,000 after purchasing an additional 269,221 shares during the last quarter. Algert Global LLC boosted its holdings in Frontier Group by 80.2% in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Frontier Group by 251.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after buying an additional 8,507 shares during the last quarter.

Frontier Group Trading Down 2.9 %

Frontier Group stock opened at $5.11 on Friday. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26. 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 stock has a market capitalization of $1.16 billion, a PE ratio of 14.19 and a beta of 2.37. The firm has a 50 day simple moving average of $7.50 and a 200-day simple moving average of $6.62.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, equities research 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.