Frontier Group (NASDAQ:ULCC) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

Frontier Group (NASDAQ:ULCC) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $8.00 target price on the stock, down from their prior target price of $12.00. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 15.94% from the company’s previous close.

A number of other analysts also recently issued reports on ULCC. Susquehanna increased their target price on shares of 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 increased their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays increased their price objective on shares of Frontier Group from $10.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley increased their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.74.

Frontier Group Stock Up 4.1 %

ULCC opened at $6.90 on Tuesday. The firm has a 50 day moving average price of $8.11 and a 200 day moving average price of $6.39. The company has a market cap of $1.57 billion, a PE ratio of 19.17 and a beta of 2.35. Frontier Group has a 1 year low of $2.79 and a 1 year high of $10.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Friday, February 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. Sell-side analysts expect that Frontier Group will post 0.91 earnings per share for the current year.

Insider Activity

In other Frontier Group news, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Howard Diamond sold 87,830 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total transaction of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 845,830 shares of company stock worth $6,812,139. 81.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Frontier Group

Several hedge funds and other institutional investors have recently modified their holdings of ULCC. US Bancorp DE boosted its holdings in shares of Frontier Group by 930.3% during the third quarter. US Bancorp DE now owns 15,083 shares of the company’s stock valued at $81,000 after acquiring an additional 13,619 shares during the period. Catalina Capital Group LLC bought a new stake in Frontier Group in the third quarter worth about $119,000. Victory Capital Management Inc. bought a new stake in Frontier Group in the third quarter worth about $54,000. OneDigital Investment Advisors LLC raised its position in Frontier Group by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 309,838 shares of the company’s stock worth $1,658,000 after acquiring an additional 14,459 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Frontier Group during the 3rd quarter worth about $72,000.

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.