Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report)'s stock price shot up 5.2% during trading on Monday . The stock traded as high as $6.07 and last traded at $6.07. 476,307 shares traded hands during trading, a decline of 77% from the average session volume of 2,059,484 shares. The stock had previously closed at $5.77.
Several brokerages recently commented on ULCC. Susquehanna upped their price target on shares of Frontier Group from $3.00 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Barclays cut their price target on shares of Frontier Group from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. Bank of America cut their price target on shares of Frontier Group from $5.50 to $5.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. Evercore ISI boosted their price objective on shares of Frontier Group from $4.00 to $5.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. Finally, Raymond James raised shares of Frontier Group from an "underperform" rating to a "market perform" rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.77.
View Our Latest Stock Analysis on ULCC
The firm's 50-day moving average price is $4.12 and its two-hundred day moving average price is $5.03. The stock has a market cap of $1.35 billion, a PE ratio of -49.92 and a beta of 2.55. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43.
Frontier Group (NASDAQ:ULCC - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $973.00 million during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Frontier Group's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts expect that Frontier Group Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.
In related news, SVP Steve Schuller sold 10,000 shares of the 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 $204,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 81.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of ULCC. Blue Trust Inc. acquired a new position in Frontier Group during the 2nd quarter valued at approximately $45,000. nVerses Capital LLC increased its stake in 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 purchasing an additional 6,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Frontier Group during the 2nd quarter valued at approximately $58,000. Arizona State Retirement System increased its stake in Frontier Group by 29.0% during the 2nd quarter. Arizona State Retirement System now owns 15,672 shares of the company's stock valued at $77,000 after purchasing an additional 3,521 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Frontier Group by 27.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,970 shares of the company's stock valued at $98,000 after purchasing an additional 4,279 shares in the last quarter.
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.
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