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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One equities 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 12 month target price among analysts that have issued a report on the stock in the last year is $7.58.

A number of equities analysts recently commented on ULCC shares. Citigroup reissued a “neutral” rating and issued a $7.25 price objective on shares of Frontier Group in a research note on Thursday. Morgan Stanley lifted their price target on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Susquehanna upped their price objective on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, UBS Group reduced their target price on shares of Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday.

Insiders Place Their Bets

In related news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the sale, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. This trade represents a 38.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Barry Biffle sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the sale, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. This represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 860,982 shares of company stock valued at $6,912,597. 81.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Frontier Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Frontier Group during the 4th quarter valued at about $32,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Frontier Group during the fourth quarter worth about $50,000. Victory Capital Management Inc. purchased a new stake in Frontier Group in the third quarter valued at approximately $54,000. Nisa Investment Advisors LLC increased its holdings in Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company’s stock worth $57,000 after buying an additional 7,380 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Frontier Group by 251.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after buying an additional 8,507 shares during the last quarter.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $5.52 on Friday. 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’s fifty day moving average price is $7.78 and its 200-day moving average price is $6.56. The firm has a market cap of $1.25 billion, a P/E ratio of 15.33 and a beta of 2.37. Frontier Group has a 12 month low of $2.79 and a 12 month high of $10.26.

Frontier Group (NASDAQ:ULCC) last posted its earnings results on Friday, February 7th. The company reported $0.23 EPS for the quarter, beating 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%. On average, equities research analysts expect that Frontier Group will post 0.91 earnings per share for the current fiscal 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.