Frontier Group (NASDAQ:ULCC) Stock: Insider Steve Schuller Sells 5,000 Shares

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was 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 directly owned 89,324 shares of the company’s stock, valued at approximately $745,855.40. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value of $45,000.00.

Frontier Group Stock Down 1.4%

Shares of ULCC traded down $0.11 during midday trading on Friday, hitting $7.59. The stock had a trading volume of 2,726,049 shares, compared to its average volume of 4,337,720. The company has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $5.55. Frontier Group Holdings, Inc. has a twelve month low of $3.02 and a twelve month high of $8.53. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -4.24 and a beta of 2.71. 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 (NASDAQ:ULCC) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Frontier Group had a positive return on equity of 1.35% and a negative net margin of 8.93%. The company’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.34) earnings per share. On average, analysts anticipate that Frontier Group Holdings, Inc. will post -0.27 EPS for the current year.

Analyst Ratings Changes

ULCC has been the topic of several research reports. Susquehanna boosted their target price on Frontier Group from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Zacks Research downgraded Frontier Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. UBS Group raised their price target on shares of Frontier Group from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Barclays lowered their price objective on shares of Frontier Group from $7.00 to $5.00 and set an “underweight” rating on the stock in a report on Friday, September 11th. Finally, Deutsche Bank upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $10.00 in a report on Thursday, November 5th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $7.07.

Institutional Trading of Frontier Group

A number of hedge funds and other institutional investors have recently modified their holdings of ULCC. BlackRock Inc. bought a new position in shares of Frontier Group in the 2nd quarter valued at about $47,205,000. Silver Point Capital L.P. acquired a new position in shares of Frontier Group during the 2nd quarter worth about $12,141,850. Bank of America Corp DE acquired a new position in shares of Frontier Group during the 2nd quarter worth about $7,337,000. GSA Capital Partners LLP acquired a new position in shares of Frontier Group during the 2nd quarter worth about $4,373,000. Finally, Primecap Management Co. CA bought a new stake in shares of Frontier Group in the 2nd quarter valued at about $3,915,000.

Frontier Group Company Profile

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.