178,795 Shares in Sun Country Airlines Holdings, Inc. $SNCY Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $2.20 million in Sun Country Airlines Holdings, Inc., acquiring 178,795 shares of the company's stock.
• Despite positive quarterly earnings, Sun Country Airlines' stock has seen a 4% drop recently, with the current stock price opening at $12.96.
• Several institutional investors have increased their stakes in Sun Country Airlines, with notable increases from companies like MIRAE ASSET GLOBAL ETFS HOLDINGS and Price T Rowe Associates.

Trexquant Investment LP bought a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 178,795 shares of the company's stock, valued at approximately $2,203,000. Trexquant Investment LP owned approximately 0.34% of Sun Country Airlines at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SNCY. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the 4th quarter worth $74,000. GAMMA Investing LLC boosted its holdings 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 worth $122,000 after buying an additional 9,218 shares during the last quarter. State of Wyoming boosted its holdings 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 worth $123,000 after buying an additional 4,262 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Sun Country Airlines in the 1st quarter worth about $133,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Sun Country Airlines by 111.1% in the 1st quarter. New York State Common Retirement Fund now owns 12,161 shares of the company's stock worth $150,000 after buying an additional 6,400 shares during the last quarter.

Insider Activity

In other news, VP John Gyurci sold 3,150 shares of the stock in a transaction dated 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 represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 10,076 shares of company stock valued at $119,750 over the last quarter. Corporate insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

SNCY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Susquehanna reissued a "neutral" rating and issued a $11.00 price target (down from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Morgan Stanley cut 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 report on Monday, August 4th. Finally, Evercore ISI cut their price target on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.38.

Sun Country Airlines Stock Performance

NASDAQ SNCY traded up $0.44 during trading on Wednesday, hitting $13.11. 906,753 shares of the company's stock traded hands, compared to its average volume of 765,302. Sun Country Airlines Holdings, Inc. has a 12-month low of $8.10 and a 12-month high of $18.59. The stock has a market capitalization of $699.03 million, a price-to-earnings ratio of 12.37, a PEG ratio of 0.30 and a beta of 1.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. The business has a 50 day moving average of $12.32 and a 200-day moving average of $12.02.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly 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. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The firm had revenue of $263.62 million for the quarter, compared to the consensus estimate of $256.04 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company'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. As a group, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

About Sun Country Airlines

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.