Analysts Set Frontier Group Holdings, Inc. (NASDAQ:ULCC) PT at $6.11

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.11.

Several research analysts have commented on the stock. UBS Group dropped their price objective on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Barclays reduced their price objective on Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a "buy" rating to a "hold" rating and cut their target price for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Citigroup decreased their price target on shares of Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America reduced their target price on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd.

Insider Activity at Frontier Group

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the sale, the executive vice president now directly owns 175,886 shares in the company, valued at $1,542,520.22. This trade represents a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the transaction, the senior vice president now owns 23,912 shares in the company, valued at $158,536.56. This represents a 38.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Frontier Group by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,442 shares of the company's stock valued at $217,000 after buying an additional 2,296 shares in the last quarter. Rhumbline Advisers grew its position in Frontier Group by 4.4% in the fourth quarter. Rhumbline Advisers now owns 55,354 shares of the company's stock valued at $394,000 after acquiring an additional 2,334 shares in the last quarter. R Squared Ltd acquired a new position in shares of Frontier Group during the fourth quarter worth $32,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Frontier Group by 8.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,359 shares of the company's stock valued at $536,000 after purchasing an additional 5,834 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Frontier Group during the 4th quarter worth $50,000.

Frontier Group Price Performance

NASDAQ:ULCC traded up $0.28 during trading hours on Friday, hitting $4.16. 4,478,503 shares of the stock traded hands, compared to its average volume of 2,681,756. The company has a market cap of $947.50 million, a price-to-earnings ratio of 11.56 and a beta of 2.55. Frontier Group has a 1 year low of $2.79 and a 1 year high of $10.26. The stock has a 50 day moving average price of $4.27 and a 200 day moving average price of $6.20. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.03. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. The business had revenue of $912.00 million for the quarter, compared to the consensus estimate of $996.05 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Frontier Group will post 0.91 EPS for the current fiscal year.

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.