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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.3750.

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Frontier Group in a report on Monday, December 29th. Morgan Stanley reduced their target price on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Bank of America reaffirmed an “underperform” rating and issued a $4.00 price target (down previously from $5.00) on shares of Frontier Group in a report on Tuesday, January 6th. Susquehanna upped their price objective on Frontier Group from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, UBS Group reissued a “neutral” rating and set a $6.00 price objective (up from $4.00) on shares of Frontier Group in a report on Friday, December 12th.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, CEO Barry Biffle sold 100,000 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $5.54, for a total transaction of $554,000.00. Following the completion of the transaction, the chief executive officer owned 731,836 shares in the company, valued at $4,054,371.44. This trade represents a 12.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00. Following the completion of the transaction, the senior vice president owned 77,312 shares of the company’s stock, valued at $463,872. The trade was a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 305,000 shares of company stock valued at $1,670,444 in the last quarter. 48.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Frontier Group during the 3rd quarter valued at $27,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Frontier Group by 130.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company’s stock worth $31,000 after acquiring an additional 4,885 shares during the period. CWM LLC grew its position in shares of Frontier Group by 165.0% in the second quarter. CWM LLC now owns 10,042 shares of the company’s stock valued at $36,000 after purchasing an additional 6,253 shares in the last quarter. MQS Management LLC bought a new stake in shares of Frontier Group during the 2nd quarter valued at $37,000. Finally, May Hill Capital LLC bought a new stake in shares of Frontier Group during the 2nd quarter valued at $42,000.

Frontier Group Stock Up 15.4%

Shares of NASDAQ:ULCC opened at $6.52 on Monday. Frontier Group has a 1 year low of $2.89 and a 1 year high of $10.26. The company has a market capitalization of $1.49 billion, a PE ratio of -10.69 and a beta of 2.55. The business has a fifty day moving average price of $5.11 and a two-hundred day moving average price of $4.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36.

About Frontier Group

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.