Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Average Rating of "Hold" from Analysts

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.00.

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price target on Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Bank of America decreased their price objective on Frontier Group from $10.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft lowered Frontier Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, May 19th.

Frontier Group Stock Performance

Shares of ULCC remained flat at $3.61 during mid-day trading on Friday. The stock had a trading volume of 9,178,850 shares, compared to its average volume of 2,953,817. The stock has a market cap of $822.21 million, a P/E ratio of 12.45 and a beta of 2.67. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26. The stock has a 50-day simple moving average of $3.68 and a 200-day simple moving average of $5.66. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.48.

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 for the quarter, topping the consensus estimate of ($0.22) by $0.03. The company had revenue of $912.00 million for the quarter, compared to analysts' expectations of $996.05 million. Frontier Group had a net margin of 1.78% and a return on equity of 5.53%. Frontier Group's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, sell-side analysts predict that Frontier Group will post 0.91 EPS for the current year.

Insider Buying and Selling at Frontier Group

In other news, SVP Alexandre Clerc sold 12,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $3.89, for a total value of $46,680.00. Following the sale, the senior vice president now directly owns 11,912 shares in the company, valued at approximately $46,337.68. This represents a 50.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 48.00% of the company's stock.

Hedge Funds Weigh In On Frontier Group

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of Frontier Group by 33.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company's stock worth $4,398,000 after purchasing an additional 251,509 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Frontier Group by 99.1% in the first quarter. Rhumbline Advisers now owns 110,193 shares of the company's stock worth $478,000 after purchasing an additional 54,839 shares during the last quarter. Optimize Financial Inc purchased a new position in Frontier Group in the 1st quarter worth about $143,000. Voleon Capital Management LP lifted its holdings in Frontier Group by 9.4% during the 1st quarter. Voleon Capital Management LP now owns 38,692 shares of the company's stock valued at $168,000 after buying an additional 3,335 shares in the last quarter. Finally, Silver Point Capital L.P. bought a new stake in Frontier Group during the 1st quarter valued at about $3,906,000.

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.