Driehaus Capital Management LLC Acquires 358,428 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Driehaus Capital Management LLC increased its stake in Sun Country Airlines by 58.9% in the first quarter, now owning 1.82% of the company, valued at about $11.9 million.
• Sun Country Airlines reported earnings of $0.14 per share for the last quarter, exceeding analysts' expectations and showing a 3.6% year-over-year revenue growth.
• Several analysts have adjusted their target prices for Sun Country Airlines, with a consensus price target of $17.38 and a rating of Moderate Buy from six analysts.

Driehaus Capital Management LLC raised its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 58.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 966,637 shares of the company's stock after acquiring an additional 358,428 shares during the quarter. Driehaus Capital Management LLC owned about 1.82% of Sun Country Airlines worth $11,909,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at $74,000. Aquatic Capital Management LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter worth about $102,000. GAMMA Investing LLC increased its holdings in shares of 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 raised its stake in shares of 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 in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Sun Country Airlines in the 1st quarter valued at approximately $133,000.

Sun Country Airlines Stock Performance

Shares of SNCY traded down $0.48 on Thursday, reaching $13.02. 541,954 shares of the stock traded hands, compared to its average volume of 961,632. The stock's 50-day moving average price is $12.22 and its 200-day moving average price is $12.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59. The firm has a market cap of $694.23 million, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.32 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.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $263.62 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Evercore ISI lowered their price target on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Susquehanna reaffirmed a "neutral" rating and set a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Finally, Morgan Stanley dropped 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. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.38.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of Sun Country Airlines stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the transaction, the vice president directly owned 26,122 shares of the company's stock, valued at approximately $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,372 shares of company stock worth $110,365 in the last three months. Corporate insiders own 5.00% of the company's stock.

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.