Voya Investment Management LLC Has $17.37 Million Position in Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Voya Investment Management LLC significantly increased its stake in Sun Country Airlines by over 5,842% in the first quarter, owning approximately 2.65% of the company worth $17.37 million after acquiring an additional 1.39 million shares.
• Analysts have raised their target prices for Sun Country Airlines, with JPMorgan Chase increasing its target from $18 to $23 and Wall Street Zen upgrading the stock from "buy" to "strong-buy."
• Sun Country Airlines reported a quarterly EPS of $0.14, beating expectations, and experienced a revenue increase of 3.6% year-over-year, with guidance for a projected EPS of 1.92 for the current fiscal year.

Voya Investment Management LLC lifted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 5,842.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,409,892 shares of the company's stock after buying an additional 1,386,166 shares during the quarter. Voya Investment Management LLC owned approximately 2.65% of Sun Country Airlines worth $17,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Sun Country Airlines by 230.2% in the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock worth $11,361,000 after purchasing an additional 642,902 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after acquiring an additional 437,550 shares during the period. Zimmer Partners LP bought a new stake in shares of Sun Country Airlines during the fourth quarter valued at about $6,261,000. Foundry Partners LLC bought a new stake in shares of Sun Country Airlines during the first quarter valued at about $4,861,000. Finally, Victory Capital Management Inc. raised its stake in shares of Sun Country Airlines by 303.2% during the first quarter. Victory Capital Management Inc. now owns 482,708 shares of the company's stock valued at $5,947,000 after purchasing an additional 362,999 shares in the last quarter.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total transaction of $65,900.00. Following the completion of the transaction, the vice president directly owned 25,109 shares in the company, valued at $330,936.62. The trade was a 16.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,926 shares of company stock worth $149,456 in the last three months. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SNCY. 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 note on Monday, August 4th. 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 dropped their price target 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. Susquehanna reiterated a "neutral" rating and issued a $11.00 price target (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sun Country Airlines from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.75.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded down $0.58 during trading hours on Friday, reaching $12.62. 4,141,247 shares of the company were exchanged, compared to its average volume of 882,458. The firm has a market cap of $672.90 million, a price-to-earnings ratio of 11.91, a PEG ratio of 0.31 and a beta of 1.62. 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 50-day moving average of $12.37 and a 200 day moving average of $11.87. 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 issued 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. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The company had revenue of $263.62 million during the quarter, compared to analyst estimates of $256.04 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Sun Country Airlines has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate 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.