Frontier Group (NASDAQ:ULCC) Trading Down 12.9% – Should You Sell?

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) traded down 12.9% during mid-day trading on Monday . The stock traded as low as $5.91 and last traded at $5.92. 785,106 shares were traded during trading, a decline of 62% from the average session volume of 2,088,608 shares. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ULCC shares. Evercore ISI boosted their target price on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. downgraded shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Citigroup raised their target price on Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, Susquehanna increased their price target on Frontier Group from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.52.

Frontier Group Stock Performance

The company’s fifty day moving average is $5.67 and its two-hundred day moving average is $4.96. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) EPS. As a group, analysts predict that Frontier Group Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. This represents a 22.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 81.50% of the stock is owned by insiders.

Institutional Trading of Frontier Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in Frontier Group during the 2nd quarter worth $45,000. nVerses Capital LLC grew its holdings in shares of Frontier Group by 152.5% during the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock valued at $50,000 after acquiring an additional 6,100 shares in the last quarter. Victory Capital Management Inc. bought a new position in Frontier Group during the third quarter valued at approximately $54,000. Ballentine Partners LLC acquired a new stake in shares of Frontier Group in the third quarter worth about $55,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group in the 2nd quarter valued at $58,000.

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.