608,209 Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 608,209 shares of the company's stock, valued at approximately $8,868,000. Driehaus Capital Management LLC owned approximately 1.15% of Sun Country Airlines as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SNCY. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new position in shares of Sun Country Airlines in the fourth quarter valued at $74,000. Aquatic Capital Management LLC bought a new position in shares of Sun Country Airlines in the fourth quarter valued at $102,000. Quarry LP grew its stake in shares of 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 buying an additional 6,159 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Sun Country Airlines in the fourth quarter valued at $154,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Susquehanna lifted their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Barclays reduced their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.43.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 5,662 shares of company stock valued at $68,045 over the last quarter. 5.00% of the stock is owned by corporate insiders.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $0.33 during trading on Thursday, reaching $12.17. The company's stock had a trading volume of 256,064 shares, compared to its average volume of 826,998. The firm has a market cap of $647.54 million, a PE ratio of 12.80, a P/E/G ratio of 0.42 and a beta of 1.57. The business's 50-day moving average price is $11.30 and its 200-day moving average price is $14.02. 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 quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The business had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

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.