Frontier Group Holdings, Inc. (NASDAQ:ULCC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.96.

Several research firms have commented on ULCC. UBS Group raised their price objective on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Wednesday, December 11th. Evercore ISI upped their target price on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen lifted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Finally, Citigroup upped their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Frontier Group Price Performance

ULCC opened at $8.20 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of -204.95 and a beta of 2.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.48 and a current ratio of 0.53. The company’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $5.23. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.41.

Frontier Group (NASDAQ:ULCC) last posted its 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 company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $943.30 million. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) earnings per share. As a group, sell-side analysts expect that Frontier Group will post 0.05 EPS for the current year.

Insider Transactions at Frontier Group

In other Frontier Group news, Director Josh T. Connor sold 30,000 shares of Frontier Group stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares of the company’s stock, valued at $1,874,397. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Barry Biffle sold 160,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the sale, the chief executive officer now directly owns 784,817 shares in the company, valued at $5,399,540.96. This trade represents a 16.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 355,000 shares of company stock valued at $2,569,150. Insiders own 81.50% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Large investors have recently bought and sold shares of the business. Arizona State Retirement System raised its position in shares of Frontier Group by 29.0% during the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company’s stock worth $77,000 after purchasing an additional 3,521 shares during the period. Rhumbline Advisers grew its stake in Frontier Group by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 160,070 shares of the company’s stock worth $789,000 after buying an additional 3,543 shares during the last quarter. Blue Trust Inc. increased its position in Frontier Group by 41.2% in the third quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock worth $63,000 after buying an additional 3,744 shares during the period. XTX Topco Ltd lifted its stake in Frontier Group by 10.6% in the second quarter. XTX Topco Ltd now owns 41,103 shares of the company’s stock valued at $203,000 after buying an additional 3,936 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Frontier Group by 27.3% during the second quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company’s stock valued at $98,000 after acquiring an additional 4,279 shares during the period.

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.