Fintel reports that on August 2, 2023, Barclays maintained coverage of Frontier Group Holdings (NASDAQ:ULCC) with a Overweight recommendation.
Analyst Price Forecast Suggests 84.17% Upside
As of August 2, 2023, the average one-year price target for Frontier Group Holdings is 15.47. The forecasts range from a low of 10.10 to a high of $19.95. The average price target represents an increase of 84.17% from its latest reported closing price of 8.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Frontier Group Holdings is 4,246MM, an increase of 17.07%. The projected annual non-GAAP EPS is 1.25.
What is the Fund Sentiment?
There are 269 funds or institutions reporting positions in Frontier Group Holdings. This is an increase of 23 owner(s) or 9.35% in the last quarter. Average portfolio weight of all funds dedicated to ULCC is 0.43%, a decrease of 11.48%. Total shares owned by institutions increased in the last three months by 4.14% to 229,981K shares. 
The put/call ratio of ULCC is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
Indigo Partners holds 178,834K shares representing 81.84% ownership of the company. No change in the last quarter.
U S Global Investors holds 5,575K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
JETS - U.S. Global Jets ETF holds 5,008K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 5,147K shares, representing a decrease of 2.78%. The firm decreased its portfolio allocation in ULCC by 1.25% over the last quarter.
Ancient Art holds 4,359K shares representing 1.99% ownership of the company. In it's prior filing, the firm reported owning 4,409K shares, representing a decrease of 1.15%. The firm decreased its portfolio allocation in ULCC by 2.38% over the last quarter.
Price T Rowe Associates holds 3,466K shares representing 1.59% ownership of the company. In it's prior filing, the firm reported owning 3,374K shares, representing an increase of 2.66%. The firm decreased its portfolio allocation in ULCC by 8.40% over the last quarter.
Frontier Group Holdings Background Information
(This description is provided by the company.)
Frontier Airlines is committed to "Low Fares Done Right." Headquartered in Denver, Colorado, the company operates more than 100 A320 family aircraft and has the largest A320neo fleet in the U.S. The use of these aircraft, Frontier’s seating configuration, weight-saving tactics and baggage process have all contributed to the airline’s average of 43 percent fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines’ 2019 fuel consumption per seat-mile compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. Frontier is also committed to families enabling children 14 years and younger to fly free through the airline’s Discount Den travel club on qualifying flights. With approximately 140 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America.
Additional reading:
- Third Quarter
- Amendment No. 15
- VERTICAL HORIZONS, LTD., AS BORROWER EACH LENDER IDENTIFIED ON THE SIGNATURE PAGE HERETO AS LENDERS CITIBANK, N.A., AS FACILITY AGENT CITIBANK, N.A., AS ARRANGER BANK OF UTAH, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS SECURITY TRUSTEE
- May 26, 2023 Fourth Amendment to Amended and Restated Step-In Agreement Vertical Horizons, Ltd. Bank of Utah (not in its individual capacity but solely as security trustee) Airbus S.A.S. in respect of an Amended and Restated Step-In Agreement dated 2
- June 28, 2023 Fifth Amendment to Amended and Restated Step-In Agreement Vertical Horizons, Ltd. Bank of Utah (not in its individual capacity but solely as security trustee) Airbus S.A.S. in respect of an Amended and Restated Step-In Agreement dated 2
This story originally appeared on Fintel.
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