Maryland State Retirement & Pension System Cuts Position in Sun Country Airlines Holdings, Inc. $SNCY

Maryland State Retirement & Pension System cut its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,761 shares of the company’s stock after selling 1,458 shares during the period. Maryland State Retirement & Pension System’s holdings in Sun Country Airlines were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SNCY. Canada Pension Plan Investment Board purchased a new position in Sun Country Airlines in the fourth quarter valued at $60,000. BNP Paribas Financial Markets acquired a new stake in shares of Sun Country Airlines during the 4th quarter worth about $74,000. Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $102,000. Quarry LP lifted its position in Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after acquiring an additional 6,159 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 9,218 shares during the period.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was 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 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 filing with the SEC, which is accessible through this link. Insiders sold a total of 9,372 shares of company stock worth $110,365 over the last ninety days. Company insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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 target price on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Evercore ISI dropped their price target on Sun Country Airlines from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. TD Cowen increased their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY opened at $12.20 on Wednesday. The company’s fifty day moving average is $11.85 and its two-hundred day moving average is $12.44. 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 firm has a market capitalization of $650.46 million, a P/E ratio of 11.51, a PEG ratio of 0.29 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last posted 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 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Sun Country Airlines has set its Q3 2025 guidance at EPS. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS 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.