Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) was up 8.5% during mid-day trading on Tuesday . The company traded as high as $3.92 and last traded at $3.98. Approximately 329,311 shares were traded during trading, a decline of 88% from the average daily volume of 2,741,702 shares. The stock had previously closed at $3.67.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on ULCC shares. Deutsche Bank Aktiengesellschaft downgraded shares of Frontier Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $12.00 to $8.00 in a report on Tuesday, March 4th. Barclays reduced their target price on shares of Frontier Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their target price on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Susquehanna reduced their target price on shares of Frontier Group from $9.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Citigroup reduced their target price on shares of Frontier Group from $7.25 to $4.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.00.
Check Out Our Latest Analysis on ULCC
Frontier Group Price Performance
The business's 50-day moving average price is $3.73 and its 200 day moving average price is $5.97. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $927.00 million, a P/E ratio of 11.31 and a beta of 2.55.
Frontier Group (NASDAQ:ULCC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.03. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The company had revenue of $912.00 million during the quarter, compared to analyst estimates of $996.05 million. During the same period last year, the business earned ($0.09) earnings per share. Frontier Group's revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Frontier Group Holdings, Inc. will post 0.91 EPS for the current fiscal year.
Insider Buying and Selling at Frontier Group
In other Frontier Group news, SVP Alexandre Clerc sold 15,152 shares of Frontier Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the sale, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. The trade was a 38.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Frontier Group
Hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of Frontier Group in the 4th quarter worth approximately $32,000. Byrne Asset Management LLC bought a new stake in shares of Frontier Group in the 1st quarter worth approximately $35,000. KLP Kapitalforvaltning AS bought a new stake in shares of Frontier Group in the 4th quarter worth approximately $50,000. Nisa Investment Advisors LLC lifted its holdings in shares of Frontier Group by 1,230.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,980 shares of the company's stock worth $57,000 after acquiring an additional 7,380 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Frontier Group during the 1st quarter valued at $76,000.
About Frontier Group
(
Get Free Report)
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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