Sun Country Airlines Holdings, Inc. $SNCY Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Sun Country Airlines by 3.6% in Q1, now owning 1,844,267 shares valued at approximately $22.7 million.
• Sun Country Airlines reported earnings of $0.14 per share for the last quarter, beating estimates and showing a 3.6% increase in revenue year-over-year.
• Several analysts have recently modified their ratings and price targets for Sun Country Airlines, with TD Cowen raising its target to $20.00, while other firms adjusted theirs downward, reflecting varied market sentiments.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,844,267 shares of the company's stock after selling 68,397 shares during the period. T. Rowe Price Investment Management Inc. owned 3.47% of Sun Country Airlines worth $22,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SNCY. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines during the 4th quarter valued at approximately $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 purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $102,000. Quarry LP boosted its stake in Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after buying an additional 6,159 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after acquiring an additional 9,218 shares during the period.

Analysts Set New Price Targets

SNCY has been the subject of a number of research analyst reports. Evercore ISI lowered their target price on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Morgan Stanley dropped 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. TD Cowen boosted their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Susquehanna reissued a "neutral" rating and set a $11.00 price target (down previously from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.38.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 9,372 shares of company stock worth $110,365. Corporate insiders own 5.00% of the company's stock.

Sun Country Airlines Trading Down 0.3%

Shares of Sun Country Airlines stock traded down $0.03 during mid-day trading on Thursday, hitting $13.04. 553,492 shares of the stock were exchanged, compared to its average volume of 966,535. The company has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $12.31. 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 capitalization of $695.08 million, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.31 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. Sun Country Airlines's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS 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.