Trexquant Investment LP Buys New Stake in Sun Country Airlines Holdings, Inc. $SNCY

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 stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SNCY. Ameriprise Financial Inc. increased its position in shares of Sun Country Airlines by 34.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock valued at $45,467,000 after acquiring an additional 791,669 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Sun Country Airlines by 230.2% during the 1st quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock valued at $11,361,000 after acquiring an additional 642,902 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter valued at $8,868,000. Vanguard Group Inc. lifted its stake in shares of Sun Country Airlines by 9.5% during the 1st quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after buying an additional 437,550 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of Sun Country Airlines during the 4th quarter valued at $6,261,000.

Sun Country Airlines Trading Down 0.6%

SNCY stock traded down $0.08 during mid-day trading on Tuesday, reaching $12.75. The company had a trading volume of 653,932 shares, compared to its average volume of 965,993. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59. The company has a market capitalization of $680.04 million, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.31 and a beta of 1.62. The firm has a 50 day moving average of $12.30 and a 200 day moving average of $12.01. 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 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. The business had revenue of $263.62 million for the quarter, compared to the consensus estimate of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the transaction, the vice president directly owned 26,122 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 10,076 shares of company stock worth $119,750 in the last 90 days. 4.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNCY. Evercore ISI decreased 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 research note on Monday, August 4th. Susquehanna restated a "neutral" rating and set a $11.00 target price (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Sun Country Airlines from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.