Algert Global LLC lifted its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,891 shares of the company's stock after acquiring an additional 63,355 shares during the period. Algert Global LLC owned approximately 0.61% of Sun Country Airlines worth $4,737,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines in the fourth quarter worth $60,000. Aquatic Capital Management LLC acquired a new stake in Sun Country Airlines during the 4th quarter worth $102,000. Quarry LP lifted its holdings in Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Sun Country Airlines during the fourth quarter worth about $154,000. Finally, CIBC Private Wealth Group LLC acquired a new position in Sun Country Airlines in the fourth quarter valued at about $163,000.
Sun Country Airlines Trading Up 0.4 %
NASDAQ:SNCY opened at $11.00 on Tuesday. The business has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $14.07. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The company has a market cap of $585.29 million, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same period in the previous year, the business earned $0.66 EPS. The company's revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 5,662 shares of company stock worth $68,045. Corporate insiders own 4.60% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut 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. Barclays cut their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Susquehanna increased 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.43.
Check Out Our Latest Analysis on Sun Country Airlines
Sun Country Airlines Profile
(
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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