Russell Investments Group Ltd. Decreases Holdings in Sun Country Airlines Holdings, Inc. $SNCY

Russell Investments Group Ltd. decreased its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,932 shares of the company’s stock after selling 34,694 shares during the quarter. Russell Investments Group Ltd. owned 0.58% of Sun Country Airlines worth $3,794,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SNCY. Ameriprise Financial Inc. boosted its stake in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after acquiring an additional 791,669 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $11,361,000 after acquiring an additional 642,902 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $8,868,000. Vanguard Group Inc. raised its position 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 worth $62,065,000 after purchasing an additional 437,550 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $6,261,000.

Sun Country Airlines Stock Up 8.7%

Shares of Sun Country Airlines stock opened at $12.63 on Friday. The company has a fifty day moving average price of $11.89 and a 200 day moving average price of $12.38. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The stock has a market cap of $673.38 million, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.28 and a beta of 1.61.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results 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 firm had revenue of $263.62 million during the quarter, compared to analysts’ expectations of $256.04 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. Sun Country Airlines has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNCY has been the subject of several research reports. Morgan Stanley cut their price objective on Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. TD Cowen lifted 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. JPMorgan Chase & Co. cut their price objective on Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Evercore ISI cut their price objective on 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. Finally, Susquehanna restated a “neutral” rating and set a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average target price of $17.38.

Insiders Place Their Bets

In related news, VP John Gyurci sold 3,150 shares of the company’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 9,372 shares of company stock worth $110,365. 5.00% of the stock is currently owned by corporate insiders.

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.