SG Americas Securities LLC Makes New $498,000 Investment in 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) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other large investors have also bought and sold shares of SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $328,000 after acquiring an additional 796 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after purchasing an additional 1,505 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sun Country Airlines by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after purchasing an additional 1,932 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Sun Country Airlines by 9.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after purchasing an additional 4,089 shares during the last quarter.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of the firm's 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 sale, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John Gyurci sold 3,150 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the transaction, the vice president now owns 26,122 shares in the company, valued at approximately $300,141.78. This represents a 10.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,812 shares of company stock worth $104,238. 5.00% of the stock is owned by corporate insiders.

Sun Country Airlines Trading Up 1.5%

Shares of SNCY stock traded up $0.17 during trading hours on Thursday, reaching $11.56. 596,135 shares of the stock traded hands, compared to its average volume of 838,444. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $615.11 million, a PE ratio of 11.92, a PEG ratio of 0.22 and a beta of 1.63. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $18.59. The business has a fifty day moving average price of $11.05 and a 200 day moving average price of $13.39.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm 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 4.96% and a return on equity of 10.28%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays decreased their price target 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. Susquehanna raised their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research 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 report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.83.

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.