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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.02.

A number of brokerages recently commented on ULCC. Susquehanna raised their price target on Frontier Group from $3.00 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Raymond James raised Frontier Group from an “underperform” rating to a “market perform” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Evercore ISI increased their price objective on Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America lowered their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, September 13th.

Frontier Group Stock Up 0.7 %

Shares of Frontier Group stock opened at $7.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.33. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -58.58 and a beta of 2.55. The company’s 50 day moving average price is $4.81 and its 200-day moving average price is $4.98.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Frontier Group had a negative return on equity of 4.09% and a negative net margin of 1.77%. The company had revenue of $973.00 million during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Frontier Group will post 0.08 EPS for the current year.

Insider Activity

In other news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares in the company, valued at $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Frontier Group by 11.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after buying an additional 2,746 shares during the period. Arizona State Retirement System boosted its position in shares of Frontier Group by 29.0% in the second quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after purchasing an additional 3,521 shares during the period. Rhumbline Advisers increased its stake in shares of Frontier Group by 2.3% in the second quarter. Rhumbline Advisers now owns 160,070 shares of the company’s stock worth $789,000 after purchasing an additional 3,543 shares in the last quarter. Blue Trust Inc. raised its holdings in Frontier Group by 41.2% during the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after acquiring an additional 3,744 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Frontier Group by 10.6% in the second quarter. XTX Topco Ltd now owns 41,103 shares of the company’s stock valued at $203,000 after acquiring an additional 3,936 shares in the last quarter.

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.