Steve Schuller Sells 10,000 Shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC) Stock

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now owns 34,035 shares of the company’s stock, valued at $204,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Frontier Group Price Performance

NASDAQ ULCC opened at $5.83 on Wednesday. The company has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $5.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -48.58 and a beta of 2.55. Frontier Group Holdings, Inc. has a 52-week low of $2.79 and a 52-week high of $8.33.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. Equities research analysts predict that Frontier Group Holdings, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULCC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. TD Cowen raised their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Bank of America reduced their price objective on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Finally, Susquehanna reduced their price objective on shares of Frontier Group from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Frontier Group presently has an average rating of “Hold” and a consensus target price of $5.57.

Hedge Funds Weigh In On Frontier Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULCC. Cruiser Capital Advisors LLC acquired a new position in Frontier Group during the fourth quarter valued at approximately $253,000. Norden Group LLC acquired a new stake in shares of Frontier Group in the first quarter worth $293,000. Capstone Investment Advisors LLC acquired a new stake in shares of Frontier Group in the first quarter worth $350,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Frontier Group in the first quarter worth $494,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Frontier Group by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 1,104,292 shares of the company’s stock worth $8,956,000 after acquiring an additional 109,418 shares during 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.