Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 7,500 shares of the business’s 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 owned 79,675 shares in the company, valued at $478,050. The trade was a 8.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $75,500.00.
Frontier Group Stock Down 1.4%
Shares of NASDAQ ULCC traded down $0.08 during midday trading on Wednesday, reaching $5.65. The company’s stock had a trading volume of 2,698,227 shares, compared to its average volume of 4,418,880. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. Frontier Group Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.40. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.36 and a beta of 2.57. The stock has a 50 day simple moving average of $6.54 and a 200-day simple moving average of $5.39.
Institutional Investors Weigh In On Frontier Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Frontier Group in the second quarter valued at about $47,205,000. U S Global Investors Inc. boosted its holdings in Frontier Group by 63.9% in the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after purchasing an additional 2,643,448 shares during the period. Silver Point Capital L.P. bought a new stake in Frontier Group in the 2nd quarter valued at about $12,141,850. Balyasny Asset Management L.P. acquired a new position in shares of Frontier Group during the 2nd quarter worth approximately $5,387,000. Finally, Mountaineer Partners Management LLC acquired a new position in shares of Frontier Group during the 4th quarter worth approximately $4,490,000.
Analysts Set New Price Targets
A number of analysts recently issued reports on ULCC shares. Wall Street Zen raised Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. UBS Group upped their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Citigroup increased their price objective on shares of Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Barclays raised their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Finally, Susquehanna upped their price target on shares of Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Frontier Group has a consensus rating of “Reduce” and an average price target of $6.86.
Get Our Latest Analysis on Frontier Group
Frontier Group Company Profile
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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