100,000 Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Purchased by Burkehill Global Management LP

Key Points

• Burkehill Global Management LP has acquired a new stake in Sun Country Airlines by purchasing 100,000 shares valued at approximately $1.23 million, representing 0.19% ownership.
• Several institutional investors, including JPMorgan Chase & Co. and Franklin Resources Inc., have also increased their investments in Sun Country Airlines during recent quarters.
• Sun Country Airlines reported earnings of $0.14 per share, surpassing analyst expectations, with a quarterly revenue of $263.62 million—up 3.6% year-over-year.

Burkehill Global Management LP acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $1,232,000. Burkehill Global Management LP owned 0.19% of Sun Country Airlines at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sun Country Airlines by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock worth $328,000 after purchasing an additional 796 shares during the period. New York State Teachers Retirement System lifted its position in shares of Sun Country Airlines by 17.2% in the 1st quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after purchasing an additional 2,443 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock worth $350,000 after purchasing an additional 2,792 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the 4th quarter worth approximately $60,000. Finally, State of Wyoming lifted its position in shares of Sun Country Airlines by 102.7% in the 4th quarter. State of Wyoming now owns 8,411 shares of the company's stock worth $123,000 after purchasing an additional 4,262 shares during the period.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded up $1.25 during trading on Tuesday, hitting $12.09. 1,316,170 shares of the company's stock were exchanged, compared to its average volume of 1,009,224. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. The business has a 50-day simple moving average of $11.78 and a 200-day simple moving average of $12.60. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The stock has a market capitalization of $644.64 million, a price-to-earnings ratio of 11.41, a PEG ratio of 0.26 and a beta of 1.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $263.62 million for the quarter, compared to analyst estimates of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNCY. Susquehanna reaffirmed a "neutral" rating and issued a $11.00 price target (down previously from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. JPMorgan Chase & Co. decreased 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 report on Monday, May 5th. Morgan Stanley decreased their target price on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. TD Cowen increased their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI decreased their target price on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.38.

Insider Activity

In related news, VP John Gyurci sold 3,150 shares of the firm's stock in a transaction dated 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 directly owned 26,122 shares of the company's stock, valued at approximately $300,141.78. This trade represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 9,372 shares of company stock valued at $110,365 in the last quarter. 4.60% of the stock is 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.