Federated Hermes Inc. Raises Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Federated Hermes Inc. lifted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 428.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,238 shares of the company's stock after purchasing an additional 156,700 shares during the period. Federated Hermes Inc. owned about 0.37% of Sun Country Airlines worth $2,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SNCY. Stoneridge Investment Partners LLC acquired a new position in Sun Country Airlines in the fourth quarter valued at $154,000. CIBC Private Wealth Group LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at about $163,000. Versor Investments LP purchased a new stake in Sun Country Airlines during the 4th quarter valued at approximately $185,000. Quantbot Technologies LP acquired a new stake in Sun Country Airlines during the 4th quarter worth approximately $186,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Sun Country Airlines in the 4th quarter valued at approximately $190,000.

Sun Country Airlines Price Performance

Shares of SNCY traded down $0.99 during trading hours on Friday, reaching $8.88. The company had a trading volume of 2,514,158 shares, compared to its average volume of 763,740. The company has a market capitalization of $472.04 million, a price-to-earnings ratio of 9.35, a PEG ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a 12-month low of $8.88 and a 12-month high of $18.59. The firm has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $14.12. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million for the quarter, compared to analysts' expectations of $258.04 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 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna cut their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Barclays reduced their target price 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 1,593 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $17.00, for a total value of $27,081.00. Following the sale, the vice president now directly owns 11,618 shares in the company, valued at $197,506. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Davis sold 59,389 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at approximately $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,415 shares of company stock valued at $3,139,352. Insiders own 4.60% of the company's stock.

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.