Algert Global LLC boosted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324,891 shares of the company's stock after acquiring an additional 63,355 shares during the period. Algert Global LLC owned about 0.61% of Sun Country Airlines worth $4,737,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of SNCY. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines in the fourth quarter valued at $60,000. Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $102,000. Quarry LP increased its holdings in shares of Sun Country Airlines by 355.0% in the 4th 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 period. CIBC Private Wealth Group LLC purchased a new position in Sun Country Airlines during the 4th quarter worth $163,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Sun Country Airlines in the fourth quarter valued at $154,000.
Insider Buying and Selling
In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 5,662 shares of company stock worth $68,045. Corporate insiders own 5.00% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on SNCY shares. TD Cowen upped their price objective on shares of 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. lowered their price objective 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. Susquehanna increased their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Barclays cut their price objective on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.43.
View Our Latest Research Report on SNCY
Sun Country Airlines Price Performance
SNCY stock traded down $0.07 during trading on Friday, hitting $11.83. The company had a trading volume of 866,314 shares, compared to its average volume of 826,452. The business has a 50 day moving average of $11.45 and a 200 day moving average of $14.03. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $629.45 million, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.
Sun Country Airlines Company Profile
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Free Report)
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.
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