Assenagon Asset Management S.A. Has $2 Million Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sun Country Airlines by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after buying an additional 796 shares in the last quarter. New York State Teachers Retirement System boosted its position in Sun Country Airlines by 11.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sun Country Airlines by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after buying an additional 1,932 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Sun Country Airlines by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after buying an additional 2,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake 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 worth $711,000 after acquiring an additional 4,089 shares during the last quarter.

Sun Country Airlines Trading Down 1.1%

NASDAQ SNCY traded down $0.12 during trading hours on Friday, hitting $10.70. The company's stock had a trading volume of 1,303,550 shares, compared to its average volume of 836,762. The stock has a fifty day moving average of $10.92 and a 200 day moving average of $13.47. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The firm has a market capitalization of $569.35 million, a P/E ratio of 11.03, a PEG ratio of 0.20 and a beta of 1.63. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.77.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. The business had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same period in the prior year, the business posted $0.66 earnings per share. Sun Country Airlines's revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNCY shares. Barclays dropped 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. TD Cowen boosted their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Susquehanna boosted 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 note on Monday, May 5th. Finally, 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 research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.83.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the transaction, the vice president now directly owns 26,122 shares in the company, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 disclosure for this sale can be found here. Insiders have sold 8,812 shares of company stock worth $104,238 over the last ninety days. Company insiders own 5.00% of the company's stock.

About Sun Country Airlines

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.