Frontier Group Target of Unusually High Options Trading (NASDAQ:ULCC)

Frontier Group Holdings, Inc. (NASDAQ:ULCC) saw some unusual options trading on Friday. Traders bought 7,751 call options on the stock. This is an increase of approximately 1,528% compared to the typical daily volume of 476 call options.

Wall Street Analysts Forecast Growth

ULCC has been the subject of several research reports. TD Cowen lifted their price target on Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Citigroup upped their price target on shares of Frontier Group from $3.50 to $4.70 and gave the company a “neutral” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Barclays cut their price objective on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Susquehanna cut their price target on Frontier Group from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.57.

Frontier Group Stock Performance

Frontier Group stock opened at $5.81 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of -48.41 and a beta of 2.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Frontier Group has a 12-month low of $2.79 and a 12-month high of $8.33. The business’s 50-day moving average price is $3.92 and its two-hundred day moving average price is $5.11.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. As a group, analysts expect that Frontier Group will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cruiser Capital Advisors LLC bought a new stake in shares of Frontier Group in the 4th quarter valued at $253,000. Norden Group LLC acquired a new position in shares of Frontier Group during the first quarter valued at about $293,000. Capstone Investment Advisors LLC bought a new position in shares of Frontier Group during the 1st quarter worth about $350,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Frontier Group in the 1st quarter valued at about $494,000. Finally, Russell Investments Group Ltd. increased its position in Frontier Group by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock valued at $8,956,000 after buying an additional 109,418 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.