FIL Ltd Makes New $1.06 Million Investment in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

FIL Ltd acquired a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,750 shares of the company's stock, valued at approximately $1,061,000. FIL Ltd owned approximately 0.14% of Sun Country Airlines at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SNCY. New York State Teachers Retirement System lifted its stake in shares of Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after buying an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after purchasing an additional 1,932 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Sun Country Airlines by 9.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after purchasing an additional 4,089 shares during the period. Principal Financial Group Inc. increased its stake in Sun Country Airlines by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 190,554 shares of the company's stock valued at $2,778,000 after purchasing an additional 5,760 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock worth $269,000 after buying an additional 5,782 shares during the period.

Insider Buying and Selling

In other news, CFO David M. Davis sold 59,380 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $545,516.60. This trade represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,415 shares of company stock valued at $3,139,352. Corporate insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SNCY. Susquehanna dropped their price objective on shares of 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 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, JPMorgan Chase & Co. started coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.71.

Sun Country Airlines Trading Down 10.0 %

Shares of Sun Country Airlines stock traded down $0.99 during trading hours on Friday, hitting $8.88. The company's stock had a trading volume of 2,514,158 shares, compared to its average volume of 763,740. 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 capitalization of $472.04 million, a PE ratio of 9.35, a P/E/G ratio of 0.42 and a beta of 1.55. The business has a fifty day moving average of $13.64 and a 200 day moving average of $14.12. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.88 and a 1-year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same period last year, the company posted $0.12 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Sun Country Airlines Company 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.