Frontier Group Holdings, Inc. (NASDAQ:ULCC) Given Average Recommendation of "Hold" by Analysts

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

Several analysts 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 for the company in a report on Friday, April 11th. Susquehanna lowered their price target on Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Evercore ISI lowered their price target on Frontier Group from $7.00 to $5.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Barclays lowered their price target on Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective 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.

Insider Activity at Frontier Group

In other news, SVP Alexandre Clerc sold 12,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $3.89, for a total transaction of $46,680.00. Following the transaction, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 48.00% of the company's stock.

Hedge Funds Weigh In On Frontier Group

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Frontier Group by 32.7% in the fourth quarter. Bank of New York Mellon Corp now owns 138,739 shares of the company's stock worth $986,000 after acquiring an additional 34,192 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Frontier Group by 65.8% in the fourth quarter. Intech Investment Management LLC now owns 22,154 shares of the company's stock worth $158,000 after acquiring an additional 8,789 shares during the last quarter. American Century Companies Inc. bought a new position in Frontier Group in the fourth quarter worth about $379,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Frontier Group in the fourth quarter valued at approximately $50,000. Finally, Vanguard Group Inc. increased its stake in shares of Frontier Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,186,633 shares of the company's stock valued at $58,207,000 after purchasing an additional 26,682 shares during the period.

Frontier Group Trading Up 1.1%

Shares of ULCC stock traded up $0.05 on Thursday, reaching $4.42. 2,951,342 shares of the stock were exchanged, compared to its average volume of 3,290,066. Frontier Group has a 1-year low of $2.79 and a 1-year high of $10.26. The stock has a market cap of $1.01 billion, a P/E ratio of 15.24 and a beta of 2.60. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $3.92 and a two-hundred day moving average of $5.26.

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 the consensus estimate of ($0.22) by $0.03. Frontier Group had a return on equity of 5.53% and a net margin of 1.78%. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $996.05 million. During the same period in the prior year, the firm earned ($0.09) EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Frontier Group will post 0.91 EPS for the current 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.