Cubist Systematic Strategies LLC Raises Stake in 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 grew its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 279.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,207 shares of the company's stock after purchasing an additional 48,025 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.12% of Sun Country Airlines worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings 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. SG Americas Securities LLC acquired a new stake in Sun Country Airlines during the first quarter worth approximately $498,000. Burkehill Global Management LP acquired a new stake in Sun Country Airlines during the first quarter worth approximately $1,232,000. American Century Companies Inc. raised its holdings in Sun Country Airlines by 20.5% during the first quarter. American Century Companies Inc. now owns 1,681,820 shares of the company's stock worth $20,720,000 after purchasing an additional 285,872 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Sun Country Airlines by 5.9% during the fourth quarter. Northern Trust Corp now owns 385,135 shares of the company's stock worth $5,615,000 after purchasing an additional 21,562 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Susquehanna reaffirmed a "neutral" rating and issued a $11.00 target price (down from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Evercore ISI cut their target price 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. Morgan Stanley cut their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an "overweight" rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Sun Country Airlines currently has an average rating of "Moderate Buy" and a consensus price target of $17.75.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 5,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total transaction of $65,900.00. Following the sale, the vice president directly owned 25,109 shares in the company, valued at approximately $330,936.62. The trade was a 16.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 11,926 shares of company stock worth $149,456. 4.60% of the stock is currently owned by insiders.

Sun Country Airlines Stock Performance

NASDAQ:SNCY traded down $0.55 during midday trading on Monday, reaching $13.10. The stock had a trading volume of 1,412,805 shares, compared to its average volume of 785,068. The firm has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $11.89. Sun Country Airlines Holdings, Inc. has a 12-month low of $8.10 and a 12-month high of $18.59. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The stock has a market cap of $698.49 million, a P/E ratio of 12.36, a P/E/G ratio of 0.33 and a beta of 1.62.

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, beating analysts' consensus estimates of $0.13 by $0.01. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The firm had revenue of $263.62 million for the quarter, compared to analyst estimates of $256.04 million. During the same period last year, the firm posted $0.06 EPS. Sun Country Airlines's quarterly revenue was up 3.6% on a year-over-year basis. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current 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.