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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $7.28.

A number of research firms recently weighed in on ULCC. Susquehanna boosted their price target on shares of Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. TD Cowen reduced their price target on Frontier Group from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Friday. UBS Group initiated coverage on Frontier Group in a research note on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 target price (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Finally, Barclays boosted their target price on Frontier Group from $7.00 to $9.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th.

Frontier Group Stock Performance

ULCC stock opened at $5.76 on Tuesday. The company has a 50 day moving average price of $7.08 and a 200 day moving average price of $5.72. Frontier Group has a fifty-two week low of $3.19 and a fifty-two week high of $10.57. 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 stock has a market capitalization of $1.29 billion, a PE ratio of -48.00 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.09. The business had revenue of $865.00 million for the quarter, compared to analyst estimates of $859.21 million. Frontier Group had a positive return on equity of 3.53% and a negative net margin of 0.67%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Analysts forecast that Frontier Group will post 0.42 EPS for the current year.

Insider Transactions at Frontier Group

In related news, CEO Barry Biffle sold 151,620 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total transaction of $1,170,506.40. Following the completion of the transaction, the chief executive officer now directly owns 772,981 shares of the company’s stock, valued at $5,967,413.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ULCC. CWM LLC lifted its position in shares of Frontier Group by 1,705.7% in the third quarter. CWM LLC now owns 6,627 shares of the company’s stock valued at $32,000 after buying an additional 6,260 shares during the last quarter. Olympiad Research LP lifted its holdings in Frontier Group by 385.1% during the 3rd quarter. Olympiad Research LP now owns 66,184 shares of the company’s stock valued at $320,000 after purchasing an additional 52,540 shares during the last quarter. Duality Advisers LP bought a new position in Frontier Group during the third quarter worth $120,000. Signaturefd LLC acquired a new position in shares of Frontier Group in the third quarter valued at $28,000. Finally, NBC Securities Inc. bought a new position in shares of Frontier Group in the third quarter valued at about $58,000.

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.