Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Position Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,118,136 shares of the company's stock after acquiring an additional 791,669 shares during the period. Ameriprise Financial Inc. owned about 5.89% of Sun Country Airlines worth $45,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNCY. Algert Global LLC grew its holdings in shares of Sun Country Airlines by 24.2% in the 4th quarter. Algert Global LLC now owns 324,891 shares of the company's stock worth $4,737,000 after acquiring an additional 63,355 shares during the period. Northern Trust Corp boosted its position in Sun Country Airlines by 5.9% during the fourth quarter. Northern Trust Corp now owns 385,135 shares of the company's stock worth $5,615,000 after purchasing an additional 21,562 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Sun Country Airlines in the fourth quarter valued at $613,000. Quarry LP grew its holdings 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 purchasing an additional 6,159 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $102,000.

Sun Country Airlines Stock Down 1.4%

SNCY traded down $0.17 on Friday, reaching $11.94. The company's stock had a trading volume of 96,051 shares, compared to its average volume of 827,352. The stock has a market cap of $635.30 million, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The business's 50 day moving average is $11.27 and its 200 day moving average is $14.01. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million for 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at $1,533,619.78. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 5,662 shares of company stock valued at $68,045. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Susquehanna lifted their target price 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. TD Cowen upped their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays dropped 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 note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

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.