Frontier Group Holdings Inc (NASDAQ: ULCC) stock jumped 10.70% on Friday to $4.24 against a previous-day closing price of $3.83. With 3.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.35 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $4.3200 whereas the lowest price it dropped to was $3.8050. The 52-week range on ULCC shows that it touched its highest point at $14.10 and its lowest point at $3.19 during that stretch. It currently has a 1-year price target of $6.38. Beta for the stock currently stands at 2.23.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ULCC was up-trending over the past week, with a rise of 16.80%, but this was down by -1.17% over a month. Three-month performance dropped to -37.92% while six-month performance fell -46.19%. The stock lost -68.98% in the past year, while it has lost -58.71% so far this year. A look at the trailing 12-month EPS for ULCC yields 0.29 with Next year EPS estimates of 0.32. For the next quarter, that number is -0.25. This implies an EPS growth rate of -46.32% for this year and 384.21% for next year.
Float and Shares Shorts:
At present, 217.88 million ULCC shares are outstanding with a float of 39.50 million shares on hand for trading. On Oct 30, 2023, short shares totaled 12.38 million, which was 5.60% higher than short shares on Sep 28, 2023. In addition to Mr. Barry L. Biffle as the firm’s CEO & Director, Mr. James G. Dempsey serves as its President.
Institutional Ownership:
Through their ownership of 102.11% of ULCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 82.11% of ULCC, in contrast to 8.42% held by mutual funds. Shares owned by individuals account for 11.66%. As the largest shareholder in ULCC with 3.60% of the stake, Ancient Art LP holds 7,961,321 shares worth 7,961,321. A second-largest stockholder of ULCC, US Global Investors, Inc., holds 7,178,180 shares, controlling over 3.25% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ULCC, holding 3,709,338 shares or 1.68% stake. With a 3.67% stake in ULCC, the US Global Jets ETF is the largest stakeholder. A total of 8,116,280 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 0.61% of ULCC stock, is the second-largest Mutual Fund holder. It holds 1,358,099 shares valued at 4.6 million. Vanguard Small Cap Index Fund holds 0.51% of the stake in ULCC, owning 1,134,156 shares worth 3.84 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ULCC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ULCC analysts setting a high price target of $10.00 and a low target of $3.75, the average target price over the next 12 months is $6.38. Based on these targets, ULCC could surge 135.85% to reach the target high and fall by -11.56% to reach the target low. Reaching the average price target will result in a growth of 50.47% from current levels.
Summary of Insider Activity:
Insiders traded ULCC stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 275,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 55 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 3,452,979 while 2,561,906 shares were sold.
