Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 7,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the sale, the senior vice president directly owned 79,675 shares in the company, valued at approximately $478,050. This trade represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Steve Schuller also recently made the following trade(s):
- On Monday, August 3rd, Steve Schuller sold 10,000 shares of Frontier Group stock. The stock was sold at an average price of $7.55, for a total value of $75,500.00.
Frontier Group Price Performance
ULCC traded down $0.08 on Wednesday, hitting $5.65. 2,698,227 shares of the stock were exchanged, compared to its average volume of 4,418,880. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.40. The business has a 50-day moving average of $6.54 and a two-hundred day moving average of $5.39. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.36 and a beta of 2.57.
Institutional Trading of Frontier Group
Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Frontier Group during the third quarter worth $27,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Frontier Group during the 2nd quarter valued at $28,000. Atlas Wealth LLC bought a new stake in Frontier Group during the 1st quarter worth $33,000. Quarry LP bought a new stake in Frontier Group during the 4th quarter worth $34,000. Finally, Allworth Financial LP bought a new stake in Frontier Group during the 2nd quarter worth $43,000.
Wall Street Analyst Weigh In
ULCC has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research downgraded Frontier Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Citigroup upped their price objective on Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $6.86.
Read Our Latest Stock Analysis on Frontier Group
About Frontier Group
Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.
Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.
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