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

A number of other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Sun Country Airlines in the 4th quarter valued at about $74,000. GAMMA Investing LLC raised its stake in Sun Country Airlines by 1,390.3% during the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after acquiring an additional 9,218 shares during the last quarter. State of Wyoming boosted its holdings in Sun Country Airlines by 102.7% in the 4th quarter. State of Wyoming now owns 8,411 shares of the company's stock valued at $123,000 after purchasing an additional 4,262 shares in the last quarter. Aigen Investment Management LP acquired a new position in Sun Country Airlines during the first quarter worth about $133,000. Finally, New York State Common Retirement Fund increased its stake in shares of Sun Country Airlines by 111.1% during the 1st quarter. New York State Common Retirement Fund now owns 12,161 shares of the company's stock worth $150,000 after purchasing an additional 6,400 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNCY. Morgan Stanley reduced their price target on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Wall Street Zen raised Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a research note on Friday. Evercore ISI dropped their target price on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $11.00 price target (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.38.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was 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 directly owned 26,122 shares in the company, valued at approximately $300,141.78. The trade was a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 10,076 shares of company stock valued at $119,750. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Stock Down 2.6%

Shares of NASDAQ SNCY traded down $0.34 during midday trading on Monday, reaching $12.83. 1,412,294 shares of the company's stock were exchanged, compared to its average volume of 967,997. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The business's fifty day moving average price is $12.28 and its two-hundred day moving average price is $12.03. The stock has a market capitalization of $684.10 million, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.62.

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

About Sun Country Airlines

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.