Two Sigma Investments LP Buys New Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Two Sigma Investments LP purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in Sun Country Airlines in the fourth quarter worth $190,000. Renaissance Technologies LLC purchased a new position in shares of Sun Country Airlines in the 4th quarter valued at about $1,475,000. Victory Capital Management Inc. lifted its stake in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock valued at $1,745,000 after purchasing an additional 85,201 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sun Country Airlines by 44.3% during the fourth quarter. JPMorgan Chase & Co. now owns 370,890 shares of the company's stock worth $5,408,000 after buying an additional 113,789 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after buying an additional 292,275 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SNCY shares. TD Cowen lifted their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Barclays cut their price target on 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. JPMorgan Chase & Co. dropped their target price 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, 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. Two research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.43.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 5,662 shares of company stock worth $68,045. Insiders own 4.60% of the company's stock.

Sun Country Airlines Stock Up 1.2%

Shares of NASDAQ SNCY traded up $0.14 during trading on Friday, reaching $11.58. 278,025 shares of the stock were exchanged, compared to its average volume of 833,093. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The business's 50-day moving average price is $10.81 and its 200 day moving average price is $13.69. The company has a market capitalization of $616.15 million, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.42 and a beta of 1.63.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share 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 analysts' expectations of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal 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.