Brokerages Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) Price Target at $7.41

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $7.74.

ULCC has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Frontier Group from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday. Susquehanna raised their price objective on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group raised their price objective on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays raised their price objective on Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Wednesday, December 11th.

Insiders Place Their Bets

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of Frontier Group stock in a transaction dated 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 transaction, the executive vice president now owns 175,886 shares in the company, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction dated 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 transaction, the chief executive officer now owns 784,817 shares of the company’s stock, valued at $5,399,540.96. The trade was a 16.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 875,830 shares of company stock valued at $6,984,339. 81.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors have recently modified their holdings of ULCC. Vanguard Group Inc. increased its stake in shares of Frontier Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock valued at $58,207,000 after purchasing an additional 26,682 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Frontier Group by 31.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company’s stock valued at $17,042,000 after purchasing an additional 578,151 shares in the last quarter. Towle & Co. increased its stake in shares of Frontier Group by 6.1% in the 4th quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock valued at $16,701,000 after purchasing an additional 134,723 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Frontier Group by 835.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock valued at $12,101,000 after purchasing an additional 1,520,094 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Frontier Group by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company’s stock valued at $11,564,000 after purchasing an additional 35,355 shares in the last quarter.

Frontier Group Stock Up 0.4 %

Shares of NASDAQ ULCC opened at $7.53 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.71 billion, a PE ratio of 20.92 and a beta of 2.34. The stock’s fifty day simple moving average is $8.10 and its two-hundred day simple moving average is $6.25. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its 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, 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.