Dimensional Fund Advisors LP Buys 264,976 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Dimensional Fund Advisors LP lifted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 19.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,639,615 shares of the company's stock after acquiring an additional 264,976 shares during the period. Dimensional Fund Advisors LP owned 3.10% of Sun Country Airlines worth $23,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Sun Country Airlines by 260.8% in the third quarter. Barclays PLC now owns 117,457 shares of the company's stock valued at $1,316,000 after purchasing an additional 84,906 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after buying an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after buying an additional 196,094 shares during the period. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines during the fourth quarter worth about $30,841,000. Finally, Empowered Funds LLC lifted its position in shares of Sun Country Airlines by 5.1% in the 4th quarter. Empowered Funds LLC now owns 224,324 shares of the company's stock worth $3,271,000 after acquiring an additional 10,879 shares during the period.

Insiders Place Their Bets

In related 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 value of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 5,662 shares of company stock valued at $68,045. Insiders own 5.00% of the company's stock.

Sun Country Airlines Trading Up 5.6%

Shares of Sun Country Airlines stock traded up $0.66 during midday trading on Monday, reaching $12.51. The company had a trading volume of 107,667 shares, compared to its average volume of 823,738. The firm has a market cap of $665.69 million, a PE ratio of 13.29, a P/E/G ratio of 0.42 and a beta of 1.57. The stock has a fifty day moving average price of $11.45 and a 200 day moving average price of $14.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. 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 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. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNCY has been the subject of a number of analyst reports. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Susquehanna increased their price objective 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. JPMorgan Chase & Co. cut their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Barclays dropped their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Sun Country Airlines has an average rating of "Moderate Buy" and a consensus target price 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.