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 on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction of $35,350.00. Following the sale, the senior vice president now directly owns 47,590 shares in the company, valued at approximately $336,461.30. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Frontier Group Price Performance

ULCC stock opened at $7.99 on Tuesday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -199.70 and a beta of 2.32. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. Frontier Group Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $8.41. The company’s fifty day simple moving average is $6.36 and its 200 day simple moving average is $5.14.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $943.30 million. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. On average, analysts expect that Frontier Group Holdings, Inc. will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Frontier Group

A number of institutional investors and hedge funds have recently made changes to their positions in ULCC. AlTi Global Inc. bought a new stake in Frontier Group in the 2nd quarter valued at about $21,222,000. U S Global Investors Inc. grew its stake in Frontier Group by 71.4% in the third quarter. U S Global Investors Inc. now owns 7,564,954 shares of the company’s stock valued at $40,473,000 after acquiring an additional 3,150,768 shares during the period. Verition Fund Management LLC increased its holdings in shares of Frontier Group by 235.7% during the third quarter. Verition Fund Management LLC now owns 646,243 shares of the company’s stock valued at $3,457,000 after acquiring an additional 453,736 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Frontier Group by 38.4% during the third quarter. Geode Capital Management LLC now owns 1,590,598 shares of the company’s stock worth $8,512,000 after purchasing an additional 441,001 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Frontier Group by 81.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 599,006 shares of the company’s stock worth $3,205,000 after purchasing an additional 269,221 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Evercore ISI lifted their price target on shares of Frontier Group from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Barclays lifted their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna lifted their price target on shares of Frontier Group from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.46.

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.