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 business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $8.32 on Wednesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -207.95 and a beta of 2.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The business’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $5.16. Frontier Group Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $8.41.

Frontier Group (NASDAQ:ULCC) last posted its 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 business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Frontier Group Holdings, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ULCC shares. Evercore ISI boosted their target price on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a research note on Wednesday, December 11th. Susquehanna raised their target price on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America dropped their price target on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group raised their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Frontier Group has an average rating of “Hold” and a consensus price target of $6.96.

Institutional Investors Weigh In On Frontier Group

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in Frontier Group during the third quarter worth about $54,000. Ballentine Partners LLC purchased a new position in shares of Frontier Group during the 3rd quarter worth approximately $55,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Frontier Group during the 2nd quarter worth approximately $58,000. 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 worth $63,000 after purchasing an additional 3,744 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Frontier Group by 251.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,896 shares of the company’s stock valued at $64,000 after buying an additional 8,507 shares in the last quarter.

About Frontier Group

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.