Russell Investments Group Ltd. Has $3.79 Million Stock Holdings in Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Russell Investments Group Ltd. reduced its stake in Sun Country Airlines by 10.1%, selling 34,694 shares and now owns 307,932 shares, valued at approximately $3.79 million.
• Sun Country Airlines' stock price opened at $12.63, reflecting an increase of 8.7%, with a market cap of $673.38 million and a price-to-earnings ratio of 11.92.
• Analysts have set a consensus price target of $17.38 for SNCY, with varying ratings from "Buy" to "Neutral," as several firms adjust their price objectives on the stock.

Russell Investments Group Ltd. trimmed its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,932 shares of the company's stock after selling 34,694 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.58% of Sun Country Airlines worth $3,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SNCY. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines in the fourth quarter valued at approximately $60,000. BNP Paribas Financial Markets bought a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $74,000. Aquatic Capital Management LLC bought a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $102,000. Quarry LP boosted its stake in shares of Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 worth $122,000 after acquiring an additional 9,218 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SNCY shares. Susquehanna reiterated a "neutral" rating and set a $11.00 target price (down from $12.00) on shares of Sun Country Airlines in a research note on Tuesday, August 5th. Morgan Stanley reduced their target price on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. TD Cowen lifted their target price 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 reduced their target price on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Sun Country Airlines has an average rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Stock Performance

NASDAQ:SNCY traded down $0.02 during mid-day trading on Thursday, hitting $13.05. 793,925 shares of the stock were exchanged, compared to its average volume of 923,637. The stock has a market capitalization of $695.83 million, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.31 and a beta of 1.61. The firm's 50-day simple moving average is $12.05 and its 200 day simple moving average is $12.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business 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 firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP John Gyurci sold 3,150 shares of Sun Country Airlines stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 9,372 shares of company stock worth $110,365. Company 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.