Fintel stories that on May 23, 2023, Morgan Stanley maintained protection of Frontier Group Holdings (NASDAQ:ULCC) with a Overweight advice.
Analyst Price Forecast Suggests 105.34% Upside
As of May 11, 2023, the common one-year value goal for Frontier Group Holdings is 16.26. The forecasts vary from a low of 10.10 to a excessive of $21.00. The common value goal represents a rise of 105.34% from its newest reported closing value of seven.92.
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The projected annual income for Frontier Group Holdings is 4,246MM, a rise of 18.97%. The projected annual non-GAAP EPS is 1.25.
What is the Fund Sentiment?
There are 258 funds or establishments reporting positions in Frontier Group Holdings. This is a rise of seven proprietor(s) or 2.79% within the final quarter. Average portfolio weight of all funds devoted to ULCC is 0.43%, a lower of 12.87%. Total shares owned by establishments decreased within the final three months by 0.35% to 225,352K shares. 
The put/name ratio of ULCC is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Indigo Partners holds 178,834K shares representing 81.84% possession of the corporate. No change within the final quarter.
JETS – U.S. Global Jets ETF holds 5,008K shares representing 2.29% possession of the corporate. In it is prior submitting, the agency reported proudly owning 5,147K shares, representing a lower of two.78%. The agency decreased its portfolio allocation in ULCC by 1.25% during the last quarter.
Ancient Art holds 4,359K shares representing 1.99% possession of the corporate. In it is prior submitting, the agency reported proudly owning 4,409K shares, representing a lower of 1.15%. The agency decreased its portfolio allocation in ULCC by 2.38% during the last quarter.
Price T Rowe Associates holds 3,466K shares representing 1.59% possession of the corporate. In it is prior submitting, the agency reported proudly owning 3,374K shares, representing a rise of two.66%. The agency decreased its portfolio allocation in ULCC by 8.40% during the last quarter.
Par Capital Management holds 3,325K shares representing 1.52% possession of the corporate. In it is prior submitting, the agency reported proudly owning 3,329K shares, representing a lower of 0.11%. The agency decreased its portfolio allocation in ULCC by 2.07% during the last quarter.
Frontier Group Holdings Background Information
(This description is supplied by the corporate.)
Frontier Airlines is dedicated to “Low Fares Done Right.” Headquartered in Denver, Colorado, the corporate operates greater than 100 A320 household plane and has the most important A320neo fleet within the U.S. The use of those plane, Frontier’s seating configuration, weight-saving ways and baggage course of have all contributed to the airline’s common of 43 % gas financial savings in comparison with different U.S. airways (gas financial savings is predicated on Frontier Airlines’ 2019 gas consumption per seat-mile in comparison with the weighted common of main U.S. airways), which makes Frontier essentially the most fuel-efficient U.S. airline. Frontier can also be dedicated to households enabling youngsters 14 years and youthful to fly free by the airline’s Discount Den journey membership on qualifying flights. With roughly 140 new Airbus planes on order, Frontier will proceed to develop to ship on the mission of offering reasonably priced journey throughout America.
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This story initially appeared on Fintel.
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