UBS Group Issues Pessimistic Forecast for Frontier Group (NASDAQ:ULCC) Stock Price

Frontier Group (NASDAQ:ULCC) had its price objective reduced by UBS Group from $10.00 to $7.00 in a research note released on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Morgan Stanley lifted their target price on Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Susquehanna lifted their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Citigroup restated a “neutral” rating and issued a $7.25 price target on shares of Frontier Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Barclays boosted their target price on Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.58.

Frontier Group Price Performance

Shares of ULCC opened at $5.52 on Thursday. 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 current ratio of 0.53 and a quick ratio of 0.48. The firm has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $6.56. The stock has a market cap of $1.25 billion, a PE ratio of 15.33 and a beta of 2.37.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 forecast that Frontier Group will post 0.91 EPS for the current year.

Insider Transactions at Frontier Group

In related news, SVP Alexandre Clerc sold 15,152 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now directly owns 23,912 shares of the company’s stock, valued at $158,536.56. This represents a 38.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 47,590 shares in the company, valued at $336,461.30. This trade 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 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

Several hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Frontier Group by 8.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company’s stock worth $536,000 after purchasing an additional 5,834 shares during the last quarter. Voloridge Investment Management LLC grew its stake in Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock worth $12,101,000 after buying an additional 1,520,094 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Frontier Group by 1,494.8% during the fourth quarter. Squarepoint Ops LLC now owns 384,403 shares of the company’s stock worth $2,733,000 after acquiring an additional 360,299 shares during the last quarter. Towle & Co. grew its position in shares of Frontier Group by 6.1% during the fourth quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock worth $16,701,000 after acquiring an additional 134,723 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Frontier Group by 310.2% during the fourth quarter. Two Sigma Advisers LP now owns 274,400 shares of the company’s stock worth $1,951,000 after acquiring an additional 207,500 shares during 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.