Squarepoint Ops LLC Buys 130,571 Shares of Frontier Group Holdings, Inc. $ULCC

Squarepoint Ops LLC grew its stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) by 103.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,207 shares of the company’s stock after purchasing an additional 130,571 shares during the quarter. Squarepoint Ops LLC owned approximately 0.11% of Frontier Group worth $934,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. U S Global Investors Inc. raised its position in Frontier Group by 59.2% in the 2nd quarter. U S Global Investors Inc. now owns 6,204,862 shares of the company’s stock valued at $22,524,000 after buying an additional 2,306,248 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Frontier Group in the 2nd quarter worth $5,387,000. Jump Financial LLC purchased a new stake in shares of Frontier Group in the second quarter valued at about $4,190,000. Silver Point Capital L.P. purchased a new stake in shares of Frontier Group in the first quarter valued at about $3,906,000. Finally, American Century Companies Inc. lifted its position in shares of Frontier Group by 1,353.6% during the first quarter. American Century Companies Inc. now owns 774,988 shares of the company’s stock valued at $3,363,000 after purchasing an additional 721,674 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna increased their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Group in a research report on Monday, December 15th. Morgan Stanley cut their price objective on Frontier Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $4.00 to $8.00 in a research note on Tuesday, September 2nd. Finally, Citigroup started coverage on Frontier Group in a research report on Thursday, December 4th. They set a “neutral” rating and a $5.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.25.

Insider Transactions at Frontier Group

In other news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $6.00, for a total value of $30,000.00. Following the completion of the transaction, the senior vice president owned 77,312 shares in the company, valued at $463,872. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barry Biffle sold 82,627 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $477,584.06. Following the sale, the chief executive officer owned 631,836 shares in the company, valued at $3,652,012.08. The trade was a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 305,000 shares of company stock worth $1,670,444 over the last 90 days. 48.00% of the stock is currently owned by company insiders.

Frontier Group Price Performance

Frontier Group stock opened at $4.90 on Monday. The business’s 50 day simple moving average is $4.39 and its 200 day simple moving average is $4.36. Frontier Group Holdings, Inc. has a 12 month low of $2.89 and a 12 month high of $10.26. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -8.03 and a beta of 2.55. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79.

Frontier Group (NASDAQ:ULCC) last released its earnings results on Wednesday, November 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.34). Frontier Group had a negative return on equity of 25.73% and a negative net margin of 3.65%.The business had revenue of $886.00 million during the quarter, compared to the consensus estimate of $900.07 million. During the same period last year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. Frontier Group has set its Q4 2025 guidance at 0.040-0.200 EPS. Sell-side analysts forecast that Frontier Group Holdings, Inc. will post 0.91 EPS for the current year.

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.