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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.52.

Several analysts have commented on ULCC shares. Barclays raised their price objective on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered Frontier Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 30th. Bank of America dropped their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. TD Cowen raised their target price on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Finally, Citigroup raised their target price on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Activity

In related news, SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. The trade was a 22.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SkyView Investment Advisors LLC grew its stake in Frontier Group by 9.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 357,003 shares of the company’s stock worth $1,910,000 after purchasing an additional 31,559 shares in the last quarter. Virtu Financial LLC acquired a new position in Frontier Group during the 3rd quarter worth $145,000. Barclays PLC grew 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. Geode Capital Management LLC grew its stake in Frontier Group by 38.4% during 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 in the last quarter. Finally, MCIA Inc grew its stake in Frontier Group by 11.2% during the 3rd quarter. MCIA Inc now owns 163,992 shares of the company’s stock worth $877,000 after purchasing an additional 16,577 shares in the last quarter.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $5.60 on Friday. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.33. 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 business has a 50-day moving average price of $5.81 and a 200-day moving average price of $4.95.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $943.30 million. During the same quarter last year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Frontier Group will post 0.04 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.