Frontier Group (NASDAQ:ULCC) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of Frontier Group (NASDAQ:ULCC) in a report published on Tuesday morning. The brokerage issued a neutral rating and a $6.00 target price on the stock.

A number of other brokerages also recently weighed in on ULCC. JPMorgan Chase & Co. downgraded shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Citigroup increased their target price on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen raised their price objective on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.32.

Frontier Group Stock Performance

Frontier Group stock opened at $5.83 on Tuesday. The firm’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $4.94. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. Frontier Group has a 1-year low of $2.79 and a 1-year high of $8.33. The firm has a market capitalization of $1.31 billion, a PE ratio of -145.71 and a beta of 2.51.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. As a group, analysts expect that Frontier Group will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction on Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the transaction, the senior vice president now directly owns 34,035 shares of the company’s stock, valued at $204,210. The trade was a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 81.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ULCC. Blue Trust Inc. bought a new position in shares of Frontier Group during the second quarter valued at about $45,000. nVerses Capital LLC boosted 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 buying an additional 6,100 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Frontier Group in the third quarter worth about $54,000. Ballentine Partners LLC bought a new position in shares of Frontier Group during the third quarter valued at approximately $55,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Frontier Group during the second quarter valued at approximately $58,000.

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.