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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.96.

A number of research firms recently commented on ULCC. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. UBS Group upped their target price on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays increased their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup boosted their price objective on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their target price on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th.

Insiders Place Their Bets

In other news, Director Josh T. Connor sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares of the company’s stock, valued at approximately $1,874,397. This represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total transaction of $35,350.00. Following the transaction, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 788,000 shares of company stock worth $6,214,070. 81.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Frontier Group in the fourth quarter valued at about $32,000. Victory Capital Management Inc. purchased a new position in Frontier Group in the third quarter worth $54,000. Ballentine Partners LLC acquired a new position in shares of Frontier Group during the third quarter worth $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of Frontier Group by 1,230.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock valued at $57,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Frontier Group in the 2nd quarter worth $58,000.

Frontier Group Price Performance

NASDAQ ULCC opened at $7.84 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. Frontier Group has a 52 week low of $2.79 and a 52 week high of $8.85. The company has a fifty day moving average of $7.33 and a two-hundred day moving average of $5.72.

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.