Public Sector Pension Investment Board Purchases 27,102 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• The Public Sector Pension Investment Board increased its holdings in Sun Country Airlines by 27.8%, owning 124,709 shares worth approximately $1.54 million.
• Sun Country Airlines reported earnings per share of $0.14 for the last quarter, surpassing estimates, with a revenue of $263.62 million, reflecting a 3.6% year-over-year increase.
• Several analysts have revised their price targets for Sun Country Airlines, with a consensus target price of $17.38, indicating a generally positive outlook from the market.

Public Sector Pension Investment Board grew its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 27.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,709 shares of the company's stock after purchasing an additional 27,102 shares during the quarter. Public Sector Pension Investment Board owned about 0.23% of Sun Country Airlines worth $1,536,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at $74,000. Aquatic Capital Management LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at $102,000. Quarry LP lifted its stake in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after purchasing an additional 6,159 shares during the period. Finally, State of Wyoming lifted 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 purchasing an additional 4,262 shares during the period.

Analyst Ratings Changes

SNCY has been the topic of a number of analyst reports. 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. 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 research note on Monday, May 5th. 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 research note on Tuesday, August 5th. TD Cowen raised their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, 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 research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.38.

Sun Country Airlines Stock Up 2.0%

SNCY stock traded up $0.25 during trading hours on Wednesday, reaching $13.07. 563,737 shares of the stock were exchanged, compared to its average volume of 974,403. The firm's 50-day moving average is $12.00 and its 200-day moving average is $12.31. The company has a market cap of $696.89 million, a price-to-earnings ratio of 12.33, a PEG ratio of 0.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59. 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 released its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.The company's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions 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 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 owned 26,122 shares in the company, valued at approximately $300,141.78. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 9,372 shares of company stock worth $110,365. 5.00% of the stock is currently owned by corporate insiders.

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.