Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.00, for a total value of $45,000.00. Following the transaction, the senior vice president directly owned 79,675 shares of the company’s stock, valued at approximately $478,050. The trade was a 8.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Steve Schuller also recently made the following trade(s):
- On Monday, August 3rd, Steve Schuller sold 10,000 shares of Frontier Group stock. The shares were sold at an average price of $7.55, for a total value of $75,500.00.
Frontier Group Price Performance
Frontier Group stock opened at $5.53 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -3.29 and a beta of 2.57. The company’s fifty day moving average price is $6.45 and its 200 day moving average price is $5.40. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.58. Frontier Group Holdings, Inc. has a 1 year low of $3.02 and a 1 year high of $8.40.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Frontier Group by 3.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,787 shares of the company’s stock worth $734,000 after purchasing an additional 3,461 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Frontier Group in the second quarter valued at approximately $28,000. Straightline Group LLC raised its position in Frontier Group by 9.5% in the fourth quarter. Straightline Group LLC now owns 60,586 shares of the company’s stock valued at $285,000 after purchasing an additional 5,232 shares during the period. Allworth Financial LP acquired a new position in Frontier Group during the second quarter worth $43,000. Finally, Legal & General Group Plc acquired a new position in Frontier Group during the second quarter worth $46,000.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Frontier Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings lowered Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. UBS Group increased their target price on Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Susquehanna boosted their price target on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Frontier Group has an average rating of “Reduce” and an average price target of $6.86.
Read Our Latest Stock Analysis on Frontier Group
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.
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