Polar Asset Management Partners Inc. Purchases Shares of 150,000 Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Polar Asset Management Partners Inc. has acquired a new stake in Sun Country Airlines, purchasing 150,000 shares valued at approximately $1.85 million.
• Several institutional investors, including Vanguard Group and American Century Companies, have increased their holdings in Sun Country Airlines, indicating robust institutional interest.
• Sun Country Airlines reported a quarterly earnings per share of $0.14, surpassing analysts' expectations, with a revenue increase of 3.6% compared to the same quarter last year.

Polar Asset Management Partners Inc. purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company's stock, valued at approximately $1,848,000. Polar Asset Management Partners Inc. owned approximately 0.28% of Sun Country Airlines as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SNCY. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after buying an additional 437,550 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Sun Country Airlines by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 3,135,573 shares of the company's stock worth $38,620,000 after purchasing an additional 17,437 shares during the period. American Century Companies Inc. increased its position in shares of Sun Country Airlines by 20.5% in 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 during the period. LSV Asset Management increased its position in shares of Sun Country Airlines by 30.7% in the first quarter. LSV Asset Management now owns 1,028,778 shares of the company's stock worth $12,675,000 after purchasing an additional 241,400 shares during the period. Finally, Driehaus Capital Management LLC grew its position in Sun Country Airlines by 58.9% in the first quarter. Driehaus Capital Management LLC now owns 966,637 shares of the company's stock valued at $11,909,000 after acquiring an additional 358,428 shares during the last quarter.

Sun Country Airlines Trading Up 4.4%

Shares of Sun Country Airlines stock traded up $0.58 during midday trading on Thursday, reaching $13.69. The company had a trading volume of 439,275 shares, compared to its average volume of 965,281. The stock has a fifty day moving average price of $12.32 and a 200 day moving average price of $12.02. 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 $729.95 million, a PE ratio of 12.91, a P/E/G ratio of 0.30 and a beta of 1.62. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $256.04 million. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SNCY shares. Susquehanna reiterated a "neutral" rating and issued a $11.00 target price (down previously from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Evercore ISI cut their price target on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" 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, September 5th. Finally, Morgan Stanley cut 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. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $17.38.

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.