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 Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the company's stock, valued at approximately $1,848,000. Polar Asset Management Partners Inc. owned about 0.28% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SNCY. Price T Rowe Associates Inc. MD increased its position in Sun Country Airlines by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock worth $350,000 after purchasing an additional 2,792 shares during the last quarter. Northern Trust Corp increased its position in Sun Country Airlines by 5.9% during the fourth quarter. Northern Trust Corp now owns 385,135 shares of the company's stock valued at $5,615,000 after acquiring an additional 21,562 shares during the last quarter. Ameriprise Financial Inc. increased its position in Sun Country Airlines by 34.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock valued at $45,467,000 after acquiring an additional 791,669 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Sun Country Airlines during the fourth quarter valued at $74,000. Finally, Balyasny Asset Management L.P. bought a new position in Sun Country Airlines during the fourth quarter valued at $179,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNCY. Susquehanna reiterated a "neutral" rating and set a $11.00 price objective (down previously from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Morgan Stanley cut their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, Evercore ISI cut their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.38.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction 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 the SEC website. Insiders have sold 10,076 shares of company stock valued at $119,750 in the last quarter. Corporate insiders own 4.60% of the company's stock.

Sun Country Airlines Trading Up 3.5%

Shares of NASDAQ SNCY traded up $0.44 during mid-day trading on Wednesday, reaching $13.11. The company had a trading volume of 906,753 shares, compared to its average volume of 968,437. The business'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. The stock has a market cap of $698.97 million, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.31 and a beta of 1.62. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly 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 firm had revenue of $263.62 million for the quarter, compared to analysts' expectations of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

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.