Steve Schuller Sells 5,000 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the completion of the transaction, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Frontier Group Stock Performance

ULCC opened at $8.16 on Thursday. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.41. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -203.95 and a beta of 2.32. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $6.44 and its 200 day moving average is $5.18.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. Frontier Group’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) EPS. On average, equities research analysts predict that Frontier Group Holdings, Inc. will post 0.05 EPS for the current year.

Institutional Trading of Frontier Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in shares of Frontier Group during the 3rd quarter valued at about $54,000. Ballentine Partners LLC purchased a new position in Frontier Group during the third quarter valued at approximately $55,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Frontier Group in the second quarter worth approximately $58,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Frontier Group by 251.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock worth $64,000 after purchasing an additional 8,507 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Frontier Group by 41.2% during the 3rd quarter. Blue Trust Inc. now owns 12,828 shares of the company’s stock valued at $63,000 after purchasing an additional 3,744 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on ULCC shares. TD Cowen upped their price objective on Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. UBS Group upped their price target on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Tuesday. Bank of America reduced their price objective on Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Morgan Stanley lowered their target price on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Finally, Susquehanna raised their price target on shares of Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.96.

Frontier Group Company Profile

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.