Frontier Group (NASDAQ:ULCC) Stock Price Up 4.8% – Still a Buy?

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price traded up 4.8% on Thursday . The company traded as high as $6.42 and last traded at $6.38. 1,249,131 shares changed hands during trading, a decline of 42% from the average session volume of 2,167,064 shares. The stock had previously closed at $6.09.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America reduced their target price on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Barclays boosted their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. UBS Group assumed coverage on Frontier Group in a report on Tuesday, November 26th. They issued a “neutral” rating and a $6.00 price objective on the stock. Finally, Susquehanna upped their target price on shares of Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Frontier Group presently has an average rating of “Hold” and an average price target of $6.46.

Frontier Group Stock Up 5.0 %

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -168.71 and a beta of 2.43. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $6.24 and a 200-day moving average price of $5.00.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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. During the same quarter in the prior year, the firm posted ($0.14) EPS. Frontier Group’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.05 EPS for the current year.

Insiders Place Their Bets

In other news, Director Josh T. Connor sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the transaction, the director now owns 326,550 shares in the company, valued at approximately $1,874,397. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now owns 34,035 shares of the company’s stock, valued at approximately $204,210. This trade represents a 22.71 % decrease in their position. The disclosure for this sale can be found here. 81.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new stake in shares of Frontier Group during the second quarter valued at approximately $45,000. nVerses Capital LLC boosted its stake in Frontier Group by 152.5% in the 2nd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $50,000 after purchasing an additional 6,100 shares during the period. Victory Capital Management Inc. acquired a new stake in Frontier Group in the 3rd quarter valued at approximately $54,000. Ballentine Partners LLC bought a new stake in shares of Frontier Group in the third quarter worth $55,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Frontier Group in the 2nd quarter valued at about $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.