Assenagon Asset Management S.A. Sells 257,140 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Assenagon Asset Management S.A. lessened its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 61.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,220 shares of the company's stock after selling 257,140 shares during the period. Assenagon Asset Management S.A. owned about 0.31% of Sun Country Airlines worth $1,999,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SNCY has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Susquehanna boosted their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, TD Cowen upped their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.43.

Sun Country Airlines Stock Performance

NASDAQ SNCY traded down $0.01 during trading on Thursday, reaching $10.82. The company's stock had a trading volume of 936,606 shares, compared to its average volume of 841,553. The firm has a 50 day moving average price of $10.90 and a 200 day moving average price of $13.52. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. The firm has a market capitalization of $575.71 million, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.21 and a beta of 1.63. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results 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 company had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity

In related news, VP John Gyurci sold 3,150 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the transaction, the vice president now owns 26,122 shares of the company's stock, valued at $300,141.78. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jude Bricker sold 2,172 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,812 shares of company stock worth $104,238. 5.00% of the stock is currently owned by company insiders.

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.