Versor Investments LP Buys 47,500 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Versor Investments LP increased its stake in Sun Country Airlines by 374.0%, now owning 60,200 shares valued at approximately $742,000.
• Several hedge funds, including Canada Pension Plan Investment Board and BNP Paribas Financial Markets, have also recently purchased new positions in Sun Country Airlines, contributing to significant changes in its investor landscape.
• Analyst ratings for Sun Country Airlines have been mixed, with price objectives ranging from $11.00 to $20.00, highlighting a general sentiment of "Moderate Buy" according to MarketBeat.

Versor Investments LP grew its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 374.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,200 shares of the company's stock after purchasing an additional 47,500 shares during the period. Versor Investments LP owned approximately 0.11% of Sun Country Airlines worth $742,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. LPL Financial LLC purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $846,000. Geode Capital Management LLC raised its holdings in shares of Sun Country Airlines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock worth $13,364,000 after buying an additional 16,027 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Sun Country Airlines by 38.1% in the fourth quarter. Wells Fargo & Company MN now owns 21,155 shares of the company's stock worth $308,000 after buying an additional 5,834 shares during the period. Invesco Ltd. raised its holdings in shares of Sun Country Airlines by 24.8% in the fourth quarter. Invesco Ltd. now owns 278,017 shares of the company's stock worth $4,053,000 after buying an additional 55,215 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $1,475,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Susquehanna reiterated 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 reduced their price target 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. JPMorgan Chase & Co. reduced their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. TD Cowen increased their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Evercore ISI reduced their price target 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Trading Up 8.7%

SNCY traded up $1.01 during trading on Friday, hitting $12.63. 697,335 shares of the stock were exchanged, compared to its average volume of 1,026,028. The firm has a 50 day simple moving average of $11.89 and a 200 day simple moving average of $12.33. The firm has a market cap of $673.43 million, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.30 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59. 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 (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $263.62 million for the quarter, compared to the consensus estimate of $256.04 million. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.Sun Country Airlines's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the transaction, the vice president directly owned 26,122 shares of the company's stock, valued at approximately $300,141.78. The trade was a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 9,372 shares of company stock valued at $110,365. Insiders own 4.60% of the company's stock.

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.