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

Key Points

• SVP Steve Schuller sold 5,000 Frontier Group shares at an average price of $8.35, worth $41,750; he retained 89,324 shares after the transaction.
• Frontier reported quarterly EPS of $0.18, beating the consensus estimate of a $0.06 loss, while revenue of $1.35 billion exceeded estimates and rose 52.9% year over year.
• Analyst sentiment is cautious: the stock has a consensus “Reduce” rating and an average price target of $7.07.

Frontier Group Holdings, Inc. (NASDAQ:ULCC - Get Free Report) SVP Steve Schuller sold 5,000 shares of the firm's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $8.35, for a total value of $41,750.00. Following the completion of the transaction, the senior vice president owned 89,324 shares in the company, valued at $745,855.40. The trade was a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, September 4th, Steve Schuller sold 7,500 shares of Frontier Group stock. The shares were sold at an average price of $6.00, for a total value of $45,000.00.

Frontier Group Price Performance

ULCC traded down $0.38 on Thursday, hitting $7.70. 3,546,064 shares of the stock were exchanged, compared to its average volume of 4,205,664. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -4.30 and a beta of 2.71. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.62 and a quick ratio of 0.57. Frontier Group Holdings, Inc. has a 12 month low of $3.02 and a 12 month high of $8.53. The business has a 50-day moving average of $5.99 and a two-hundred day moving average of $5.52.

Frontier Group (NASDAQ:ULCC - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.24. Frontier Group had a negative net margin of 8.93% and a positive return on equity of 1.35%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned ($0.34) EPS. The business's quarterly revenue was up 52.9% compared to the same quarter last year. Sell-side analysts forecast that Frontier Group Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ULCC shares. Barclays decreased their price objective on shares of Frontier Group from $7.00 to $5.00 and set an "underweight" rating on the stock in a research note on Friday, September 11th. Susquehanna raised their target price on Frontier Group from $6.00 to $6.50 and gave the company a "neutral" rating in a report on Thursday, October 29th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Frontier Group in a report on Wednesday, October 28th. UBS Group boosted their price target on Frontier Group from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Finally, Zacks Research downgraded Frontier Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $7.07.

Institutional Trading of Frontier Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Frontier Group during the 2nd quarter valued at $888,000. GSA Capital Partners LLP bought a new stake in Frontier Group during the 2nd quarter worth $4,373,000. U S Global Investors Inc. grew its position in Frontier Group by 6.1% during the 3rd quarter. U S Global Investors Inc. now owns 5,216,198 shares of the company's stock worth $31,141,000 after acquiring an additional 301,543 shares during the last quarter. BlackRock Inc. acquired a new position in Frontier Group in the 2nd quarter worth about $47,205,000. Finally, Bank of America Corp DE acquired a new position in Frontier Group in the 2nd quarter worth about $7,337,000.

About Frontier Group

Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, an ultra-low-cost passenger airline based in Denver, Colorado. The airline focuses on offering low base fares, with services such as checked baggage, seat selection and other travel options available for additional fees. Frontier Airlines began operating in 1994 and has expanded its route network over time. It serves destinations across the United States, Mexico, the Caribbean and Central America, connecting travelers through scheduled domestic and international flights.

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