Frontier Group (NASDAQ:ULCC) Stock Price Down 5%

Frontier Group Holdings, Inc. (NASDAQ:ULCC) traded down 5% during trading on Tuesday . The stock traded as low as $3.77 and last traded at $3.79. 378,676 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,957,308 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ULCC shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 30th. Citigroup lowered their price target on shares of Frontier Group from $7.00 to $5.35 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. Raymond James lowered shares of Frontier Group from a “market perform” rating to an “underperform” rating in a research note on Friday, July 5th. Finally, Susquehanna dropped their price target on Frontier Group from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.09.

Frontier Group Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $5.45.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The firm had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts expect that Frontier Group Holdings, Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of Frontier Group

A number of large investors have recently modified their holdings of the stock. AlTi Global Inc. purchased a new stake in shares of Frontier Group in the 2nd quarter valued at approximately $21,222,000. Vanguard Group Inc. boosted its holdings in Frontier Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,116,430 shares of the company’s stock valued at $33,384,000 after purchasing an additional 60,943 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock valued at $8,956,000 after purchasing an additional 109,418 shares during the last quarter. Boston Partners raised its holdings in Frontier Group by 176.6% during the first quarter. Boston Partners now owns 1,053,270 shares of the company’s stock worth $8,518,000 after purchasing an additional 672,471 shares in the last quarter. Finally, Jade Capital Advisors LLC lifted its position in shares of Frontier Group by 2,400.0% during the 4th quarter. Jade Capital Advisors LLC now owns 500,000 shares of the company’s stock worth $2,730,000 after buying an additional 480,000 shares during the last quarter.

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.