Sun Country Airlines Holdings, Inc. $SNCY Shares Purchased by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has increased its stake in Sun Country Airlines by 52.8%, owning approximately 1.22% of the company after acquiring an additional 223,569 shares, valued at nearly $8 million.
• Sun Country Airlines reported a net margin of 5.35% and a revenue increase of 3.6% year-over-year during its latest earnings call, along with an EPS of $0.14, beating estimates.
• Recent analyst reports showed mixed sentiments, with price targets adjusted down by firms like Morgan Stanley and Evercore ISI, while the company maintains a consensus rating of "Moderate Buy" with an average price target of $17.38.

Bridgeway Capital Management LLC lifted its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 52.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 646,693 shares of the company's stock after buying an additional 223,569 shares during the period. Bridgeway Capital Management LLC owned about 1.22% of Sun Country Airlines worth $7,967,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sun Country Airlines by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock worth $328,000 after acquiring an additional 796 shares during the period. New York State Teachers Retirement System boosted its position in Sun Country Airlines by 17.2% during the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after purchasing an additional 2,443 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Sun Country Airlines by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after purchasing an additional 2,792 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Sun Country Airlines by 7.5% in the first quarter. Martingale Asset Management L P now owns 56,223 shares of the company's stock valued at $693,000 after buying an additional 3,902 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Sun Country Airlines by 102.7% in the fourth quarter. State of Wyoming now owns 8,411 shares of the company's stock valued at $123,000 after buying an additional 4,262 shares in the last quarter.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on 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 transaction, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 10,076 shares of company stock valued at $119,750. Corporate insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNCY. Susquehanna reiterated a "neutral" rating and issued a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Morgan Stanley reduced their price target on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Evercore ISI lowered their price target on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Stock Performance

SNCY traded down $0.13 on Tuesday, hitting $12.70. 358,980 shares of the company's stock were exchanged, compared to its average volume of 964,038. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The firm has a market cap of $677.16 million, a PE ratio of 11.92, a P/E/G ratio of 0.31 and a beta of 1.62. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $12.30 and a two-hundred day moving average of $12.01.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $263.62 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share 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.