Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 7,500 shares of Frontier Group stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $6.00, for a total value of $45,000.00. Following the completion of the sale, the senior vice president directly owned 79,675 shares in the company, valued at approximately $478,050. This represents a 8.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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 Trading Up 1.6%
NASDAQ:ULCC opened at $5.62 on Friday. The company has a market cap of $1.29 billion, a P/E ratio of -3.35 and a beta of 2.57. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.40. The business has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $5.40. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ULCC shares. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Weiss Ratings downgraded Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. UBS Group upped their target price on Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Citigroup increased their price target on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, Barclays decreased their price target on Frontier Group from $7.00 to $5.00 and set an “underweight” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $6.57.
Read Our Latest Analysis on Frontier Group
Institutional Trading of Frontier Group
Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontier Group in the 3rd quarter valued at about $27,000. Integrated Wealth Concepts LLC bought a new position in Frontier Group during the second quarter worth about $28,000. Atlas Wealth LLC acquired a new position in Frontier Group during the first quarter worth approximately $33,000. Quarry LP acquired a new position in Frontier Group during the fourth quarter worth approximately $34,000. Finally, Allworth Financial LP bought a new stake in Frontier Group in the second quarter valued at approximately $43,000.
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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