Two Sigma Investments LP Makes New $1.44 Million Investment in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Two Sigma Investments LP purchased a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 98,401 shares of the company's stock, valued at approximately $1,435,000. Two Sigma Investments LP owned about 0.19% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SNCY. Ameriprise Financial Inc. increased its stake in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after purchasing an additional 791,669 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Sun Country Airlines by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after purchasing an additional 374,221 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sun Country Airlines by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock worth $23,906,000 after purchasing an additional 264,976 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Sun Country Airlines by 26.5% during the 4th quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after purchasing an additional 292,275 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Sun Country Airlines by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock valued at $13,364,000 after acquiring an additional 16,027 shares during the period.

Sun Country Airlines Trading Up 2.6%

Shares of NASDAQ:SNCY traded up $0.30 during trading on Friday, reaching $11.74. 827,150 shares of the company traded hands, compared to its average volume of 836,904. The firm has a market capitalization of $624.66 million, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.42 and a beta of 1.63. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The business's fifty day moving average is $10.81 and its 200-day moving average is $13.68.

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

Wall Street Analysts Forecast Growth

SNCY has been the topic of a number of research reports. Barclays lowered their price objective on 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. TD Cowen upped their price target on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Susquehanna upped 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, May 5th. Finally, JPMorgan Chase & Co. cut their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.43.

Insider Activity at Sun Country Airlines

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 transaction of $26,107.44. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 5,662 shares of company stock worth $68,045 over the last quarter. 4.60% of the stock is owned by corporate insiders.

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.