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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.52.

A number of brokerages have recently weighed in on ULCC. JPMorgan Chase & Co. cut Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Raymond James upgraded Frontier Group from an “underperform” rating to a “market perform” rating in a research report on Monday, September 30th. Evercore ISI raised their target price on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen raised their target price on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Finally, Barclays raised their target price on Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday.

Insider Buying and Selling at Frontier Group

In other news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. This trade represents a 22.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 81.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Frontier Group

Several large investors have recently modified their holdings of ULCC. Russell Investments Group Ltd. boosted its position in shares of Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after buying an additional 109,418 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Frontier Group by 23.3% in the first quarter. Bleakley Financial Group LLC now owns 25,154 shares of the company’s stock worth $204,000 after buying an additional 4,756 shares during the period. Vanguard Group Inc. boosted its position in shares of Frontier Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company’s stock worth $33,384,000 after buying an additional 60,943 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Frontier Group in the first quarter worth $345,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Frontier Group by 11.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,010 shares of the company’s stock worth $211,000 after acquiring an additional 2,746 shares in the last quarter.

Frontier Group Trading Up 1.0 %

Shares of ULCC opened at $6.80 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of -170.00 and a beta of 2.51. Frontier Group has a one year low of $2.79 and a one year high of $8.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a 50-day moving average price of $5.67 and a 200 day moving average price of $4.97.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Tuesday, October 29th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Frontier Group will post 0.04 EPS 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.