SG Americas Securities LLC Acquires Shares of 40,419 Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

SG Americas Securities LLC acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,419 shares of the company's stock, valued at approximately $498,000. SG Americas Securities LLC owned 0.08% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of 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 acquiring an additional 791,669 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Sun Country Airlines by 24.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock valued at $27,887,000 after buying an additional 374,221 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sun Country Airlines by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock valued at $23,906,000 after buying an additional 264,976 shares during the last quarter. American Century Companies Inc. raised its position in shares of Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after buying an additional 292,275 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Sun Country Airlines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock valued at $13,364,000 after buying an additional 16,027 shares during the last quarter.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company'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 transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Gyurci sold 3,150 shares of the company's stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 8,812 shares of company stock valued at $104,238 in the last quarter. Company insiders own 4.60% of the company's stock.

Sun Country Airlines Trading Down 1.1%

NASDAQ SNCY opened at $10.70 on Monday. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60. The company has a market capitalization of $569.35 million, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.20 and a beta of 1.63. The company's fifty day moving average price is $10.92 and its two-hundred day moving average price is $13.47.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same period last year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several research analyst reports. Barclays dropped their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Susquehanna increased 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. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average target price of $16.83.

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.

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