Cubist Systematic Strategies LLC Purchases 48,025 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Cubist Systematic Strategies LLC increased its stake in Sun Country Airlines by 279.5%, now owning a total of 65,207 shares after purchasing an additional 48,025 shares in the 1st quarter.
• Sun Country Airlines recently reported an earnings per share (EPS) of $0.14, surpassing consensus estimates of $0.13, alongside a revenue increase of 3.6% year-over-year.
• Analysts have mixed views on the stock, with price targets being reduced by firms like Morgan Stanley and Evercore ISI, while others upgraded it to a "strong-buy."

Cubist Systematic Strategies LLC increased its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 279.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,207 shares of the company's stock after purchasing an additional 48,025 shares during the period. Cubist Systematic Strategies LLC owned 0.12% of Sun Country Airlines worth $803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines during the 4th quarter valued at $74,000. GAMMA Investing LLC increased its holdings in Sun Country Airlines by 1,390.3% in 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 increased 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 acquiring an additional 4,262 shares during the last quarter. Aigen Investment Management LP bought a new stake in Sun Country Airlines in the 1st quarter valued at $133,000. Finally, New York State Common Retirement Fund increased its holdings in Sun Country Airlines by 111.1% in the 1st quarter. New York State Common Retirement Fund now owns 12,161 shares of the company's stock valued at $150,000 after acquiring an additional 6,400 shares during the last quarter.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY opened at $12.67 on Wednesday. The company has a market capitalization of $675.56 million, a price-to-earnings ratio of 11.95, a PEG ratio of 0.31 and a beta of 1.62. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. The firm's 50-day moving average is $12.31 and its 200 day moving average is $12.01. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $263.62 million for 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 firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of research reports. 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 reduced 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 report on Monday, August 4th. Wall Street Zen upgraded shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, Susquehanna reissued a "neutral" rating and issued a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a research note on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Sun Country Airlines currently has an average rating of "Moderate Buy" and an average target price of $17.38.

Insider Buying and Selling

In other Sun Country Airlines 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 transaction, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 10,076 shares of company stock valued at $119,750. 4.60% of the stock is owned by corporate insiders.

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.

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