Sun Country Airlines Holdings, Inc. $SNCY Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Sun Country Airlines by **20.5%**, selling **66,500 shares**, resulting in ownership of **258,391 shares** valued at approximately **$3.18 million**.
• Sun Country Airlines' stock opened at **$11.86**, recently trading down **2.8%**, with a market capitalization of **$632.38 million** and a **200-day moving average** of **$12.44**.
• Analysts have mixed ratings on Sun Country Airlines, with **six analysts giving a Buy rating** and a consensus target price of **$17.38**, despite some firms adjusting their price objectives downwards.

Algert Global LLC lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,391 shares of the company's stock after selling 66,500 shares during the period. Algert Global LLC owned about 0.49% of Sun Country Airlines worth $3,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in shares of Sun Country Airlines in the fourth quarter worth $60,000. BNP Paribas Financial Markets acquired a new position in Sun Country Airlines in the fourth quarter worth $74,000. Aquatic Capital Management LLC acquired a new position in Sun Country Airlines in the fourth quarter worth $102,000. Quarry LP boosted its holdings in Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after purchasing an additional 6,159 shares during the period. Finally, State of Wyoming boosted its holdings in Sun Country Airlines by 102.7% in the fourth quarter. State of Wyoming now owns 8,411 shares of the company's stock worth $123,000 after purchasing an additional 4,262 shares during the period.

Analyst Ratings Changes

SNCY has been the subject of a number of research reports. Evercore ISI decreased their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, August 4th. TD Cowen lifted their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Susquehanna reaffirmed a "neutral" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.38.

Insiders Place Their Bets

In related news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the sale, the vice president owned 26,122 shares of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 9,372 shares of company stock valued at $110,365 over the last three months. Corporate insiders own 4.60% of the company's stock.

Sun Country Airlines Stock Performance

Shares of SNCY traded up $0.37 during midday trading on Tuesday, hitting $12.82. 554,587 shares of the stock traded hands, compared to its average volume of 1,013,446. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $18.59. The firm has a market capitalization of $683.56 million, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. The business's 50 day moving average price is $11.96 and its two-hundred day moving average price is $12.31.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $263.62 million during the quarter, compared to the consensus estimate of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.