Frontier Group (NASDAQ:ULCC) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Frontier Group (NASDAQ:ULCC) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Tuesday,Briefing.com Automated Import reports. They currently have a $8.00 target price on the stock, down from their prior target price of $12.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 15.44% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Susquehanna raised their price target on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley raised their target price on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Barclays upped their price target on Frontier Group from $10.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, UBS Group increased their price objective on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.74.

Frontier Group Stock Down 3.8 %

Frontier Group stock opened at $6.93 on Tuesday. 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 firm has a market cap of $1.57 billion, a P/E ratio of 19.25 and a beta of 2.35. The business has a fifty day moving average of $8.12 and a two-hundred day moving average of $6.36. Frontier Group has a twelve month low of $2.79 and a twelve month high of $10.26.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. On average, analysts forecast that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In other news, EVP Howard Diamond sold 87,830 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.77, for a total value of $770,269.10. Following the transaction, the executive vice president now directly owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. This represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00. Following the sale, the chief executive officer now directly owns 784,817 shares of the company’s stock, valued at $5,399,540.96. This trade represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 845,830 shares of company stock valued at $6,812,139 in the last ninety days. Company insiders own 81.50% of the company’s stock.

Institutional Trading of Frontier Group

Large investors have recently made changes to their positions in the business. Voloridge Investment Management LLC raised its holdings in shares of Frontier Group by 835.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,702,008 shares of the company’s stock worth $12,101,000 after purchasing an additional 1,520,094 shares during the last quarter. Highland Peak Capital LLC purchased a new position in shares of Frontier Group during the 4th quarter valued at about $6,492,000. Two Sigma Investments LP lifted its holdings in shares of Frontier Group by 488.9% in the 4th quarter. Two Sigma Investments LP now owns 980,426 shares of the company’s stock valued at $6,971,000 after buying an additional 813,929 shares during the period. Empyrean Capital Partners LP purchased a new stake in shares of Frontier Group in the fourth quarter worth about $4,977,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Frontier Group by 247.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,093 shares of the company’s stock worth $6,585,000 after acquiring an additional 659,811 shares during the period.

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.