Frontier Group Holdings, Inc. (ULCC) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is cautious: Nine firms give Frontier Group an average “Reduce” rating, with three sells, five holds and one buy. Their average 12-month price target is $7.07.
• Quarterly results beat expectations: Frontier reported EPS of $0.18 versus analysts’ expected loss of $0.06, and revenue of $1.35 billion versus $1.29 billion expected. Revenue rose 52.9% year over year, though the company posted a negative net margin.
• A senior vice president sold 7,500 shares at an average price of $6, while company insiders collectively own 48% of the stock.

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have been given an average recommendation of "Reduce" by the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $7.07.

ULCC has been the topic of several analyst reports. Susquehanna raised their target price on Frontier Group from $6.00 to $6.50 and gave the company a "neutral" rating in a report on Thursday, October 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Frontier Group in a report on Wednesday, October 28th. Barclays decreased their price target on Frontier Group from $7.00 to $5.00 and set an "underweight" rating for the company in a report on Friday, September 11th. UBS Group increased their price objective on shares of Frontier Group from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Finally, Zacks Research lowered Frontier Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th.

Frontier Group Stock Down 3.1%

Shares of NASDAQ ULCC opened at $8.09 on Wednesday. Frontier Group has a 12-month low of $3.02 and a 12-month high of $8.53. The company has a market cap of $1.86 billion, a P/E ratio of -4.52 and a beta of 2.71. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 10.68. The stock has a fifty day moving average price of $5.94 and a 200 day moving average price of $5.51.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. Frontier Group had a positive return on equity of 1.35% and a negative net margin of 8.93%. The firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. Research analysts anticipate that Frontier Group will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Steve Schuller sold 7,500 shares of Frontier Group stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the completion of the transaction, the senior vice president directly owned 79,675 shares in the company, valued at approximately $478,050. This trade represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 48.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Frontier Group during the 2nd quarter valued at approximately $47,205,000. U S Global Investors Inc. boosted its holdings in Frontier Group by 6.1% in the third quarter. U S Global Investors Inc. now owns 5,216,198 shares of the company's stock worth $31,141,000 after purchasing an additional 301,543 shares during the period. Silver Point Capital L.P. acquired a new position in Frontier Group in the second quarter worth $12,141,850. First Trust Advisors LP increased its stake in Frontier Group by 65.7% during the first quarter. First Trust Advisors LP now owns 1,179,019 shares of the company's stock valued at $4,162,000 after purchasing an additional 467,638 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Frontier Group during the second quarter valued at $7,337,000.

Frontier Group Company Profile

Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, an ultra-low-cost passenger airline based in Denver, Colorado. The airline focuses on offering low base fares, with services such as checked baggage, seat selection and other travel options available for additional fees. Frontier Airlines began operating in 1994 and has expanded its route network over time. It serves destinations across the United States, Mexico, the Caribbean and Central America, connecting travelers through scheduled domestic and international flights.

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