Frontier Group (NASDAQ:ULCC) Trading 8.4% Higher – What’s Next?

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price rose 8.4% during mid-day trading on Tuesday . The stock traded as high as $4.13 and last traded at $4.1950. Approximately 928,940 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 3,836,774 shares. The stock had previously closed at $3.87.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ULCC. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a research report on Tuesday. UBS Group boosted their price objective on shares of Frontier Group from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Friday, September 26th. Seaport Res Ptn upgraded shares of Frontier Group to a “hold” rating in a report on Thursday, September 25th. Susquehanna upped their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $8.00 in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.13.

Frontier Group Stock Performance

The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.23. The stock has a market cap of $1.02 billion, a PE ratio of -7.28 and a beta of 2.57.

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.34). Frontier Group had a negative net margin of 3.65% and a negative return on equity of 25.73%. The company had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $900.07 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. As a group, research analysts forecast that Frontier Group Holdings, Inc. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. U S Global Investors Inc. boosted its position in Frontier Group by 59.2% during the second quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock valued at $22,524,000 after purchasing an additional 2,306,248 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Frontier Group during the second quarter valued at about $5,387,000. Jump Financial LLC bought a new stake in shares of Frontier Group in the 2nd quarter valued at about $4,190,000. Silver Point Capital L.P. bought a new stake in shares of Frontier Group in the 1st quarter valued at about $3,906,000. Finally, Bank of America Corp DE grew its position in shares of Frontier Group by 39.2% in the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after buying an additional 852,798 shares during the last quarter.

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.