American Century Companies Inc. Purchases 285,872 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• American Century Companies Inc. increased its stake in Sun Country Airlines by 20.5%, owning approximately 3.16% of the company after purchasing additional shares worth around $20.7 million.
• Several other institutional investors, including Canada Pension Plan and BNP Paribas, also made new investments in Sun Country Airlines, indicating growing interest in the stock.
• Sun Country Airlines recently reported earnings of $0.14 per share, surpassing analysts' expectations, and has a consensus target price of $17.38 from various research firms.

American Century Companies Inc. increased its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 20.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,681,820 shares of the company's stock after acquiring an additional 285,872 shares during the quarter. American Century Companies Inc. owned about 3.16% of Sun Country Airlines worth $20,720,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SNCY. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines in the 4th quarter valued at $60,000. BNP Paribas Financial Markets acquired a new position in Sun Country Airlines in the 4th quarter valued at $74,000. Aquatic Capital Management LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at $102,000. Quarry LP grew its holdings in 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 buying an additional 6,159 shares in the last quarter. Finally, State of Wyoming grew its holdings in 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 buying an additional 4,262 shares in the last quarter.

Sun Country Airlines Price Performance

Shares of SNCY stock remained flat at $13.07 on Thursday. The company had a trading volume of 502,034 shares, compared to its average volume of 966,281. 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 twelve month low of $8.10 and a twelve month high of $18.59. The company has a market capitalization of $696.89 million, a PE ratio of 12.33, a P/E/G ratio of 0.31 and a beta of 1.61. The stock's 50 day moving average is $12.00 and its 200 day moving average is $12.31.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data 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. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The business had revenue of $263.62 million during the quarter, compared to the consensus estimate of $256.04 million. During the same period in the prior year, the company earned $0.06 EPS. Sun Country Airlines's revenue for the quarter was up 3.6% on a year-over-year basis. Sun Country Airlines has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction 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 in the company, valued at $300,141.78. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 9,372 shares of company stock worth $110,365. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SNCY shares. Susquehanna reaffirmed a "neutral" rating and issued a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Morgan Stanley decreased their price objective on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Evercore ISI decreased their price objective on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. TD Cowen upped their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sun Country Airlines presently has an average rating of "Moderate Buy" and a consensus 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.