Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.11.

Several analysts have weighed in on ULCC shares. Susquehanna cut their price objective on Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Bank of America reduced their price target on Frontier Group from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $8.00 in a research report on Tuesday, March 4th. Barclays reduced their target price on shares of Frontier Group from $14.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group lowered their price target on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 7th.

Frontier Group Price Performance

Shares of Frontier Group stock opened at $3.16 on Tuesday. The business has a 50 day moving average of $6.24 and a 200 day moving average of $6.58. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26. The company has a market cap of $718.10 million, a PE ratio of 8.78 and a beta of 2.52. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. As a group, equities research analysts forecast that Frontier Group will post 0.91 earnings per share for the current year.

Insider Transactions at Frontier Group

In related news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction dated 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 sale, the senior vice president now directly owns 23,912 shares in the company, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $8.38, for a total transaction of $1,340,800.00. Following the transaction, the chief executive officer now owns 864,817 shares in the company, valued at $7,247,166.46. This represents a 15.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,982 shares of company stock worth $4,515,647. Corporate insiders own 81.50% of the company’s stock.

Institutional Investors Weigh In On Frontier Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Frontier Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company’s stock worth $58,207,000 after acquiring an additional 26,682 shares during the period. Balyasny Asset Management L.P. boosted its position in Frontier Group by 31.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,396,885 shares of the company’s stock worth $17,042,000 after purchasing an additional 578,151 shares during the last quarter. Towle & Co. grew its stake in shares of Frontier Group by 6.1% during the 4th quarter. Towle & Co. now owns 2,348,882 shares of the company’s stock valued at $16,701,000 after purchasing an additional 134,723 shares during the period. Voloridge Investment Management LLC increased its position in shares of Frontier Group by 835.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock valued at $12,101,000 after purchasing an additional 1,520,094 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Frontier Group by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,625,953 shares of the company’s stock worth $11,564,000 after purchasing an additional 35,355 shares during the period.

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.