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

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) have been given an average recommendation of "Hold" by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.67.

Several brokerages recently issued reports on ULCC. Barclays reduced their price target on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on shares of Frontier Group from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. UBS Group dropped their target price on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Susquehanna decreased their target price on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Bank of America lowered their price target on Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a research note on Tuesday.

Insider Activity at Frontier Group

In related news, SVP Alexandre Clerc sold 12,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $3.89, for a total value of $46,680.00. Following the completion of the transaction, the senior vice president directly owned 11,912 shares of the company's stock, valued at approximately $46,337.68. This trade represents a 50.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ULCC. Voloridge Investment Management LLC grew its stake in Frontier Group by 835.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company's stock valued at $12,101,000 after buying an additional 1,520,094 shares during the last quarter. Highland Peak Capital LLC bought a new stake in shares of Frontier Group during the fourth quarter worth approximately $6,492,000. Silver Point Capital L.P. acquired a new stake in Frontier Group during the 1st quarter worth approximately $3,906,000. Two Sigma Investments LP boosted its stake in Frontier Group by 488.9% in the 4th quarter. Two Sigma Investments LP now owns 980,426 shares of the company's stock valued at $6,971,000 after purchasing an additional 813,929 shares during the period. Finally, American Century Companies Inc. grew its holdings in Frontier Group by 1,353.6% in the 1st quarter. American Century Companies Inc. now owns 774,988 shares of the company's stock valued at $3,363,000 after buying an additional 721,674 shares in the last quarter.

Frontier Group Price Performance

ULCC stock traded up $0.12 during trading on Friday, hitting $4.03. 2,537,805 shares of the stock traded hands, compared to its average volume of 2,961,769. The stock has a market cap of $916.73 million, a price-to-earnings ratio of 13.88 and a beta of 2.60. Frontier Group has a one year low of $2.79 and a one year high of $10.26. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $5.63.

Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its quarterly earnings data 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. Frontier Group had a net margin of 1.78% and a return on equity of 5.53%. The company had revenue of $912.00 million during the quarter, compared to analyst estimates of $996.05 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company's revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Frontier Group will post 0.91 EPS for the current fiscal year.

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.