Versor Investments LP Grows Stock Holdings in 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 boosted its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 374.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,200 shares of the company's stock after purchasing an additional 47,500 shares during the period. Versor Investments LP owned about 0.11% of Sun Country Airlines worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its position in Sun Country Airlines by 17.2% in the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock valued at $205,000 after purchasing an additional 2,443 shares during the period. SG Americas Securities LLC acquired a new stake in Sun Country Airlines in the first quarter valued at about $498,000. Renaissance Technologies LLC acquired a new stake in Sun Country Airlines in the fourth quarter valued at about $1,475,000. Burkehill Global Management LP acquired a new stake in Sun Country Airlines in the first quarter valued at about $1,232,000. Finally, Geode Capital Management LLC lifted its position in Sun Country Airlines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock valued at $13,364,000 after purchasing an additional 16,027 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SNCY shares. Evercore ISI reduced their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Susquehanna reaffirmed a "neutral" rating and issued a $11.00 target price (down from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Morgan Stanley decreased their price target on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. lowered 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. Finally, TD Cowen upped 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. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.38.

Sun Country Airlines Price Performance

Shares of SNCY traded down $0.24 during mid-day trading on Thursday, reaching $11.62. 576,720 shares of the company's stock were exchanged, compared to its average volume of 1,064,042. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $12.40. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The company has a market cap of $619.58 million, a price-to-earnings ratio of 10.96, a PEG ratio of 0.28 and a beta of 1.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share 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 business had revenue of $263.62 million during the quarter, compared to analysts' expectations of $256.04 million. During the same period last year, the company posted $0.06 EPS. The company's revenue was up 3.6% on a year-over-year basis. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, 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 other 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 transaction 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 $300,141.78. This trade represents a 10.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 9,372 shares of company stock worth $110,365. Company insiders own 5.00% of the company's stock.

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.