Frontier Group (NASDAQ:ULCC) SVP Sells $41,750.00 in Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $8.35, for a total transaction of $41,750.00. Following the completion of the transaction, the senior vice president owned 89,324 shares of the company’s stock, valued at approximately $745,855.40. This trade represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Steve Schuller also recently made the following trade(s):

• On Friday, September 4th, Steve Schuller sold 7,500 shares of Frontier Group stock. The stock was sold at an average price of $6.00, for a total transaction of $45,000.00.

Frontier Group Trading Down 4.7%

Shares of Frontier Group stock traded down $0.38 during trading on Thursday, hitting $7.70. The company’s stock had a trading volume of 3,546,064 shares, compared to its average volume of 4,205,664. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.62 and a quick ratio of 0.57. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.53. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -4.30 and a beta of 2.71. The stock has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $5.52.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.24. Frontier Group had a positive return on equity of 1.35% and a negative net margin of 8.93%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned ($0.34) EPS. Frontier Group’s revenue for the quarter was up 52.9% compared to the same quarter last year. Equities research analysts anticipate that Frontier Group Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Trading of Frontier Group

A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Frontier Group during the second quarter valued at approximately $28,000. Atlas Wealth LLC purchased a new position in Frontier Group in the first quarter worth about $33,000. Signaturefd LLC grew its position in Frontier Group by 81.7% during the third quarter. Signaturefd LLC now owns 6,020 shares of the company’s stock valued at $36,000 after buying an additional 2,707 shares during the period. Allworth Financial LP purchased a new stake in shares of Frontier Group in the 2nd quarter worth $43,000. Finally, Legal & General Group Plc purchased a new stake in Frontier Group in the second quarter worth about $46,000.

Analysts Set New Price Targets

A number of research firms have issued reports on ULCC. Deutsche Bank upgraded Frontier Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.00 to $10.00 in a research note on Thursday, November 5th. Susquehanna lifted their price objective on Frontier Group from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a report on Wednesday, October 28th. Zacks Research lowered Frontier Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Barclays reduced their price objective on Frontier Group from $7.00 to $5.00 and set an “underweight” rating on the stock in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.07.

About Frontier Group

Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, an ultra-low-cost passenger airline based in Denver, Colorado. The airline focuses on offering low base fares, with services such as checked baggage, seat selection and other travel options available for additional fees. Frontier Airlines began operating in 1994 and has expanded its route network over time. It serves destinations across the United States, Mexico, the Caribbean and Central America, connecting travelers through scheduled domestic and international flights.