Silver Point Capital L.P. Invests $12.14 Billion in Frontier Group Holdings, Inc. $ULCC

Silver Point Capital L.P. purchased a new stake in Frontier Group Holdings, Inc. (NASDAQ:ULCC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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. Silver Point Capital L.P. owned approximately 0.67% of Frontier Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ULCC. U S Global Investors Inc. raised its holdings in Frontier Group by 63.9% during the 1st quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock valued at $23,938,000 after acquiring an additional 2,643,448 shares during the period. BlackRock Inc. bought a new position in shares of Frontier Group in the second quarter worth $47,205,000. Dimensional Fund Advisors LP grew its position in shares of Frontier Group by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock valued at $17,860,000 after purchasing an additional 209,154 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock valued at $13,366,000 after purchasing an additional 852,798 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Frontier Group by 48.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock worth $9,723,000 after purchasing an additional 718,147 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ULCC shares. Citigroup lifted their target price on Frontier Group from $5.00 to $9.00 and gave the company a “neutral” rating in a 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. Weiss Ratings cut shares of Frontier Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Zacks Research raised shares of Frontier Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, UBS Group increased their target price on shares of Frontier Group from $4.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Frontier Group presently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Frontier Group Price Performance

ULCC stock opened at $5.97 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. The company’s 50 day moving average is $6.85 and its 200 day moving average is $5.38. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -3.55 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.

Frontier Group (NASDAQ:ULCC) last announced its earnings results on Wednesday, July 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the previous 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. Sell-side analysts predict that Frontier Group Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Frontier Group

In other Frontier Group news, CFO Mark Christopher Mitchell sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $8.09, for a total transaction of $1,011,250.00. Following the sale, the chief financial officer owned 53,785 shares in the company, valued at $435,120.65. This trade represents a 69.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Steve Schuller sold 10,000 shares of Frontier Group stock in a transaction dated 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 of the company’s stock, valued at approximately $658,171.25. This trade represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,053,742 shares of company stock worth $87,051,587 in the last three months. 48.00% of the stock is owned by insiders.

About Frontier Group

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.