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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have received an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $7.78.

ULCC has been the subject of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $6.00 price objective (down from $8.00) on shares of Frontier Group in a research note on Tuesday, January 9th. Susquehanna raised their price objective on shares of Frontier Group from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Barclays upped their target price on shares of Frontier Group from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Morgan Stanley reissued an “equal weight” rating and set a $8.00 price target (down from $10.00) on shares of Frontier Group in a report on Monday, January 8th. Finally, Evercore ISI raised their price target on Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a report on Thursday, April 4th.

Insider Transactions at Frontier Group

In related news, CEO Barry Biffle sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7.21, for a total value of $104,545.00. Following the completion of the sale, the chief executive officer now owns 63,949 shares in the company, valued at $461,072.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

A number of large investors have recently modified their holdings of the company. Simplicity Wealth LLC purchased a new stake in shares of Frontier Group in the first quarter valued at approximately $204,000. Norden Group LLC bought a new stake in Frontier Group during the 1st quarter valued at $293,000. Cruiser Capital Advisors LLC purchased a new position in shares of Frontier Group in the 4th quarter valued at $253,000. Jade Capital Advisors LLC raised its position in shares of Frontier Group by 2,400.0% in the 4th quarter. Jade Capital Advisors LLC now owns 500,000 shares of the company’s stock worth $2,730,000 after acquiring an additional 480,000 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Frontier Group by 91.0% during the 4th quarter. Quadrant Capital Group LLC now owns 16,936 shares of the company’s stock worth $92,000 after purchasing an additional 8,067 shares during the last quarter.

Frontier Group Trading Up 1.5 %

NASDAQ:ULCC opened at $6.21 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.48. The business has a fifty day moving average price of $7.20 and a 200-day moving average price of $5.70. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -103.50 and a beta of 2.57. Frontier Group has a one year low of $3.19 and a one year high of $10.57.

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.