EntryPoint Capital LLC Takes $682,000 Position in Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• EntryPoint Capital LLC has acquired a new stake in Sun Country Airlines Holdings, purchasing 55,348 shares valued at approximately $682,000, marking it as the 25th largest holding in their portfolio.
• Various institutional investors have changed their holdings in Sun Country Airlines, including a 17.2% increase by the New York State Teachers Retirement System, demonstrating growing institutional interest in the airline.
• Sun Country Airlines reported Q2 earnings of $0.14 EPS, exceeding analysts' estimates, while also increasing its revenue by 3.6% year-over-year.

EntryPoint Capital LLC bought a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 55,348 shares of the company's stock, valued at approximately $682,000. Sun Country Airlines accounts for approximately 0.3% of EntryPoint Capital LLC's investment portfolio, making the stock its 25th largest holding. EntryPoint Capital LLC owned approximately 0.10% of Sun Country Airlines at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System increased its holdings in shares of Sun Country Airlines by 17.2% in the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock valued at $205,000 after purchasing an additional 2,443 shares during the period. SG Americas Securities LLC acquired a new position in Sun Country Airlines during the first quarter worth $498,000. Renaissance Technologies LLC acquired a new position in Sun Country Airlines during the fourth quarter worth $1,475,000. Burkehill Global Management LP acquired a new position in Sun Country Airlines during the first quarter worth $1,232,000. Finally, Geode Capital Management LLC grew its holdings in Sun Country Airlines by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock worth $13,364,000 after acquiring an additional 16,027 shares during the period.

Sun Country Airlines Stock Down 0.2%

SNCY opened at $12.20 on Wednesday. The business's fifty day moving average is $11.85 and its two-hundred day moving average is $12.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. The company has a market cap of $650.46 million, a price-to-earnings ratio of 11.51, a PEG ratio of 0.29 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates 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 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 in the previous year, the business earned $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction 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 sale, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This 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 is available through the SEC website. Insiders sold 9,372 shares of company stock worth $110,365 in the last quarter. 4.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNCY has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley dropped their price objective on 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 dropped their price objective 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 previously from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Six 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 stock has an average rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines 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.

Want to see what other hedge funds are holding SNCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.