Brokerages 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 presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.11.

A number of research analysts have recently issued reports on ULCC shares. Citigroup lowered their price target on Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded Frontier Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $12.00 to $8.00 in a report on Tuesday, March 4th. Evercore ISI lowered their target price on Frontier Group from $7.00 to $5.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. UBS Group lowered their target price on Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Morgan Stanley increased their target price on Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, February 24th.

Insider Transactions at Frontier Group

In other news, SVP Alexandre Clerc sold 15,152 shares of the firm's 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 transaction, the senior vice president now owns 23,912 shares of the company's stock, valued at $158,536.56. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Howard Diamond sold 87,830 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 48.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ULCC. R Squared Ltd purchased a new stake in shares of Frontier Group during the fourth quarter worth about $32,000. Byrne Asset Management LLC purchased a new stake in shares of Frontier Group during the first quarter worth about $35,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Frontier Group during the fourth quarter worth about $50,000. Nisa Investment Advisors LLC grew its position in shares of Frontier Group by 1,230.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock worth $57,000 after purchasing an additional 7,380 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Frontier Group during the first quarter worth about $76,000.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded down $0.14 during midday trading on Friday, reaching $4.10. 1,241,736 shares of the company's stock traded hands, compared to its average volume of 2,695,432. The company has a market cap of $932.70 million, a price-to-earnings ratio of 11.38 and a beta of 2.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. Frontier Group has a one year low of $2.79 and a one year high of $10.26. The stock has a 50 day moving average of $4.17 and a 200 day moving average of $6.17.

Frontier Group (NASDAQ:ULCC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.03. The firm had revenue of $912.00 million for the quarter, compared to the consensus estimate of $996.05 million. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. As a group, equities research analysts anticipate 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.