Frontier Group (NASDAQ:ULCC) Raised to Hold at Seaport Res Ptn

Key Points

• Frontier Group was upgraded to a "hold" rating by Seaport Res Ptn amid fluctuating stock performance, with a consensus target price of $5.81.
• Despite this upgrade, shares of Frontier Group fell 7.2%, currently trading around $4.77, significantly below its 52-week high of $10.26.
• The company reported a loss of ($0.31) earnings per share for the last quarter, missing estimates, and its revenue fell 4.5% year-over-year.

Frontier Group (NASDAQ:ULCC - Get Free Report) was upgraded by equities researchers at Seaport Res Ptn to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. UBS Group decreased their price objective on shares of Frontier Group from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Bank of America cut their target price on shares of Frontier Group from $4.75 to $4.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.81.

Frontier Group Stock Down 7.2%

Shares of Frontier Group stock opened at $4.77 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 0.41. The company has a 50-day simple moving average of $4.64 and a two-hundred day simple moving average of $4.23. Frontier Group has a 52-week low of $2.89 and a 52-week high of $10.26. The stock has a market capitalization of $1.09 billion, a PE ratio of -29.81 and a beta of 2.63.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Frontier Group had a negative net margin of 0.87% and a negative return on equity of 12.56%. The company had revenue of $929.00 million for the quarter, compared to analysts' expectations of $951.92 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Frontier Group has set its Q3 2025 guidance at -0.420--0.260 EPS. On average, analysts anticipate that Frontier Group will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in shares of Frontier Group in the first quarter valued at $35,000. Ameritas Investment Partners Inc. grew its holdings in shares of Frontier Group by 130.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,643 shares of the company's stock worth $31,000 after purchasing an additional 4,885 shares during the last quarter. CWM LLC grew its holdings in shares of Frontier Group by 165.0% in the second quarter. CWM LLC now owns 10,042 shares of the company's stock worth $36,000 after purchasing an additional 6,253 shares during the last quarter. Baron Wealth Management LLC bought a new position in shares of Frontier Group in the second quarter worth about $37,000. Finally, MQS Management LLC bought a new position in shares of Frontier Group in the second quarter worth about $37,000.

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.

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