Squarepoint Ops LLC Increases Stake in Frontier Group Holdings, Inc. $ULCC

Key Points

• Squarepoint Ops LLC increased its Frontier Group stake by 247.6% in the second quarter, ending with 266,000 shares valued at approximately $2.1 million. Several other institutional investors also added to or initiated positions.
• Frontier reported a quarterly loss of $0.10 per share, beating estimates for a $0.47 loss, while revenue rose 37.7% year over year to $1.28 billion. Despite the improvement, the company remained unprofitable with a negative net margin of 9.29%.
• Insiders sold substantial amounts of stock: executives sold roughly 12.05 million shares worth $87.0 million over the past three months. Analysts remain cautious, with the stock carrying an average “Reduce” rating and a consensus price target of $6.57.

Squarepoint Ops LLC lifted its stake in shares of Frontier Group Holdings, Inc. (NASDAQ:ULCC - Free Report) by 247.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,000 shares of the company's stock after buying an additional 189,469 shares during the quarter. Squarepoint Ops LLC owned approximately 0.12% of Frontier Group worth $2,104,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Frontier Group by 3.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,787 shares of the company's stock valued at $734,000 after acquiring an additional 3,461 shares in the last quarter. Straightline Group LLC grew its holdings in Frontier Group by 9.5% during the 4th quarter. Straightline Group LLC now owns 60,586 shares of the company's stock worth $285,000 after acquiring an additional 5,232 shares in the last quarter. Allworth Financial LP acquired a new position in Frontier Group during the 2nd quarter worth approximately $43,000. Legal & General Group Plc acquired a new position in Frontier Group during the 2nd quarter worth approximately $46,000. Finally, Atlas Wealth LLC purchased a new stake in shares of Frontier Group in the 1st quarter valued at approximately $33,000.

Insider Activity

In other Frontier Group news, EVP Howard Diamond sold 24,195 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.25, for a total value of $199,608.75. Following the completion of the transaction, the executive vice president owned 133,126 shares in the company, valued at $1,098,289.50. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Alexandre Clerc sold 3,068 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $8.17, for a total value of $25,065.56. Following the transaction, the senior vice president directly owned 37,488 shares in the company, valued at approximately $306,276.96. The trade was a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,049,662 shares of company stock worth $87,026,452 over the last three months. Company insiders own 48.00% of the company's stock.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $5.63 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 2.77. Frontier Group Holdings, Inc. has a 52 week low of $3.02 and a 52 week high of $8.40. The firm's 50 day moving average is $6.37 and its two-hundred day moving average is $5.41. The firm has a market capitalization of $1.30 billion, a P/E ratio of -3.35 and a beta of 2.57.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.37. Frontier Group had a negative net margin of 9.29% and a negative return on equity of 35.54%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned ($0.31) EPS. The company's revenue was up 37.7% compared to the same quarter last year. 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. Research analysts forecast that Frontier Group Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ULCC shares. UBS Group raised their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the company a "neutral" rating in a report on Tuesday, June 23rd. Susquehanna boosted their target price on shares of Frontier Group from $4.50 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. Zacks Research lowered Frontier Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Wall Street Zen upgraded Frontier Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 21st. Finally, Barclays decreased their price target on Frontier Group from $7.00 to $5.00 and set an "underweight" rating for the company in a report on Friday. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $6.57.

Frontier Group Profile

Frontier Group Holdings, Inc is the parent company of Frontier Airlines, an ultra-low-cost passenger airline headquartered in Denver, Colorado. Frontier Airlines operates scheduled air transportation services, primarily connecting destinations across the United States with cities in Mexico, the Caribbean and Central America.

Frontier's business model emphasizes low base fares and optional services. Customers can purchase additional products such as checked and carry-on baggage, advance seat assignments, priority services and other travel-related options.

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