Silver Point Capital L.P. Buys New Shares in Frontier Group Holdings, Inc. $ULCC

Silver Point Capital L.P. purchased a new position in Frontier Group Holdings, Inc. (NASDAQ:ULCC) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,535,000 shares of the company’s stock, valued at approximately $12,141,850,000. Frontier Group accounts for about 1.1% of Silver Point Capital L.P.’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Frontier Group by 46.0% in the 1st quarter. AQR Capital Management LLC now owns 18,777 shares of the company’s stock valued at $81,000 after acquiring an additional 5,913 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Frontier Group by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,456 shares of the company’s stock worth $4,398,000 after purchasing an additional 251,509 shares during the period. Rhumbline Advisers lifted its position in Frontier Group by 7.1% in the second quarter. Rhumbline Advisers now owns 117,984 shares of the company’s stock valued at $428,000 after purchasing an additional 7,791 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Frontier Group by 35.1% during the second quarter. Invesco Ltd. now owns 108,806 shares of the company’s stock valued at $395,000 after purchasing an additional 28,256 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Frontier Group in the second quarter worth approximately $477,000.

Frontier Group Price Performance

ULCC stock opened at $5.97 on Thursday. Frontier Group Holdings, Inc. has a 1 year low of $3.02 and a 1 year high of $8.40. The company has a market cap of $1.37 billion, a P/E ratio of -3.55 and a beta of 2.59. The firm has a 50-day moving average of $6.85 and a 200 day moving average of $5.38. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.58 and a quick ratio of 0.54.

Frontier Group (NASDAQ:ULCC) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.37. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. Frontier Group’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business posted ($0.31) earnings per share. Frontier Group has set its Q4 2026 guidance at 0.000-0.200 EPS and its Q3 2026 guidance at -0.100-0.100 EPS. On average, sell-side analysts forecast that Frontier Group Holdings, Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ULCC shares. Barclays upped their price target on shares of Frontier Group from $4.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Citigroup increased their target price on shares of Frontier Group from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Wall Street Zen upgraded Frontier Group from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Susquehanna boosted their target price on Frontier Group from $4.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Zacks Research raised Frontier Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $6.86.

Insider Buying and Selling

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president owned 97,175 shares in the company, valued at approximately $583,050. This represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Trevor J. Stedke sold 167,277 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.03, for a total value of $1,343,234.31. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,053,742 shares of company stock worth $87,051,587 over the last quarter. Company insiders own 48.00% of the company’s stock.

Frontier Group 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.