Frontier Group Holdings, Inc. (NASDAQ:ULCC – Get Free Report) SVP Steve Schuller sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $7.55, for a total value of $75,500.00. Following the sale, the senior vice president directly owned 87,175 shares in the company, valued at $658,171.25. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Steve Schuller also recently made the following trade(s):
- On Friday, June 5th, Steve Schuller sold 10,000 shares of Frontier Group stock. The shares were sold at an average price of $6.00, for a total value of $60,000.00.
Frontier Group Trading Down 4.7%
Shares of ULCC opened at $7.58 on Friday. The business’s 50-day moving average price is $6.76 and its 200 day moving average price is $5.27. The stock has a market capitalization of $1.75 billion, a P/E ratio of -4.51 and a beta of 2.59. Frontier Group Holdings, Inc. has a 1-year low of $3.02 and a 1-year high of $8.40. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77.
Key Headlines Impacting Frontier Group
Here are the key news stories impacting Frontier Group this week:
- Positive Sentiment: Frontier Group’s latest quarterly results were substantially better than expected: adjusted EPS was a loss of $0.10 versus the $0.47 loss analysts anticipated, while revenue of $1.28 billion exceeded estimates by approximately $60 million and increased 37.7% year over year. Management’s guidance also points to a potential return to profitability in the fourth quarter. Frontier Group insider trading and financial results article
- Positive Sentiment: Zacks highlighted ULCC as a strong momentum candidate, citing recent price performance and valuation that may still appear reasonable to momentum-oriented investors. Shares have increased significantly from their 52-week low of $3.02. Zacks Frontier Group momentum article
- Positive Sentiment: Several institutional investors expanded their positions, including U.S. Global Investors, Bank of America and HRT Financial, while Balyasny Asset Management and Mountaineer Partners initiated stakes. This suggests some professional investors see improving prospects for the airline. Institutional ownership and Frontier Group article
- Neutral Sentiment: Analyst views remain mixed. Zacks Research upgraded ULCC to “strong buy,” but the broader consensus is “Reduce,” with an average price target of $6.86—below recent trading levels. Frontier Group analyst ratings article
- Negative Sentiment: Multiple executives sold a combined 321,540 shares for roughly $2.6 million. CFO Mark Christopher Mitchell sold 125,000 shares, reducing his position by nearly 70%, while the vice president sold 167,277 shares. Additional sales by executives further reinforce near-term insider-selling pressure, although the transactions may reflect personal portfolio decisions. Frontier Group executive stock sale filing
Institutional Trading of Frontier Group
A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Frontier Group during the third quarter valued at approximately $27,000. Atlas Wealth LLC purchased a new stake in Frontier Group in the 1st quarter worth approximately $33,000. Quarry LP purchased a new stake in Frontier Group in the 4th quarter worth approximately $34,000. Brooklyn Investment Group boosted its stake in shares of Frontier Group by 490.7% during the 3rd quarter. Brooklyn Investment Group now owns 10,928 shares of the company’s stock valued at $48,000 after buying an additional 9,078 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Frontier Group during the 1st quarter valued at $60,000.
Analyst Upgrades and Downgrades
ULCC has been the subject of several research analyst reports. Citigroup upped their price target on shares of Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Wall Street Zen upgraded shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. UBS Group boosted their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Susquehanna increased their target price on Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Finally, Barclays raised their target price on Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Frontier Group presently has a consensus rating of “Reduce” and a consensus price target of $6.86.
Check Out Our Latest Analysis on ULCC
Frontier Group Company Profile
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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