Key Points
- SVP Steve Schuller sold 5,000 shares of Frontier on Feb. 6 at $6.00 for $30,000, trimming his stake by about 5% to 94,926 shares (≈$569,556); he also sold 5,000 shares in December at the same price.
- Frontier shares trade around $6 (opened $6.36), the company has a $1.46B market cap, and analysts' consensus is Hold with an average target of $6.38 amid price targets ranging roughly $4–$8.
Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) SVP Steve Schuller sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 6th. The stock was 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 $569,556. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
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 Trading Down 2.5%
Shares of ULCC opened at $6.36 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.79. Frontier Group Holdings, Inc. has a 12-month low of $2.89 and a 12-month high of $10.26. The firm has a market capitalization of $1.46 billion, a PE ratio of -10.43 and a beta of 2.55. The stock's fifty day simple moving average is $5.15 and its 200-day simple moving average is $4.66.
Wall Street Analyst Weigh In
ULCC has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on Frontier Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday, December 8th. UBS Group reaffirmed a "neutral" rating and issued a $6.00 price target (up previously from $4.00) on shares of Frontier Group in a research note on Friday, December 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Frontier Group in a report on Monday, December 29th. Bank of America reissued an "underperform" rating and issued a $4.00 price objective (down previously from $5.00) on shares of Frontier Group in a research report on Tuesday, January 6th. Finally, Citigroup began coverage on Frontier Group in a report on Thursday, December 4th. They set a "neutral" rating and a $5.00 target price on the stock. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.38.
Read Our Latest Research Report on ULCC
Institutional Investors Weigh In On Frontier Group
Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Frontier Group by 47.7% in the 2nd quarter. American Century Companies Inc. now owns 1,145,039 shares of the company's stock worth $4,156,000 after purchasing an additional 370,051 shares in the last quarter. Geode Capital Management LLC increased its stake in Frontier Group by 24.9% in the second quarter. Geode Capital Management LLC now owns 2,060,452 shares of the company's stock valued at $7,481,000 after acquiring an additional 410,392 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Frontier Group by 899.0% in the 2nd quarter. SG Americas Securities LLC now owns 349,194 shares of the company's stock valued at $1,268,000 after purchasing an additional 314,240 shares during the last quarter. Primecap Management Co. CA grew its position in Frontier Group by 96.8% in the second quarter. Primecap Management Co. CA now owns 854,900 shares of the company's stock valued at $3,103,000 after acquiring an additional 420,600 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Frontier Group by 542.4% during the 2nd quarter. State of Wyoming now owns 144,403 shares of the company's stock valued at $524,000 after purchasing an additional 121,926 shares during the last quarter.
Frontier Group Company Profile
(
Get Free Report)
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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