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

Frontier Group Holdings, Inc. (NASDAQ:ULCC) SVP Steve Schuller sold 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the transaction, the senior vice president owned 94,926 shares in the company, valued at approximately $569,556. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Steve Schuller also recently made the following trade(s):

• On Wednesday, December 10th, Steve Schuller sold 5,000 shares of Frontier Group stock. The shares were sold at an average price of $6.00, for a total value of $30,000.00.

Frontier Group Stock Performance

Shares of NASDAQ ULCC opened at $6.36 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.40 and a quick ratio of 0.36. Frontier Group Holdings, Inc. has a one year low of $2.89 and a one year high of $10.26. The business’s 50-day moving average price is $5.15 and its two-hundred day moving average price is $4.66. The company has a market capitalization of $1.46 billion, a P/E ratio of -10.43 and a beta of 2.55.

Analyst Ratings Changes

ULCC has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Group in a research report on Monday, December 29th. Morgan Stanley reduced their price objective on shares of Frontier Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Citigroup assumed coverage on shares of Frontier Group in a research report on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price on the stock. Susquehanna raised their target price on Frontier Group from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Finally, Bank of America reiterated an “underperform” rating and set a $4.00 price target (down previously from $5.00) on shares of Frontier Group in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.38.

Institutional Trading of Frontier Group

Several hedge funds have recently added to or reduced their stakes in ULCC. Dimensional Fund Advisors LP increased its position in Frontier Group by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after buying an additional 209,154 shares during the period. Bank of America Corp DE boosted its position in shares of Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after acquiring an additional 852,798 shares in the last quarter. Citigroup Inc. boosted its holdings in Frontier Group by 14.1% during the third quarter. Citigroup Inc. now owns 2,824,859 shares of the company’s stock valued at $12,472,000 after purchasing an additional 348,739 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Frontier Group by 48.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock valued at $9,723,000 after buying an additional 718,147 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Frontier Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock valued at $10,347,000 after purchasing an additional 8,946 shares in the last quarter.

About Frontier Group

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.