Sherbrooke Park Advisers LLC Buys New Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Sherbrooke Park Advisers LLC acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,725 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $74,000. Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $102,000. Quarry LP increased its position in shares of Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $163,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SNCY shares. Susquehanna raised 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 report on Monday, May 5th. TD Cowen lifted their price objective 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. Barclays cut 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 report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.43.

Sun Country Airlines Stock Down 1.9%

NASDAQ SNCY traded down $0.21 on Friday, hitting $11.03. The stock had a trading volume of 501,798 shares, compared to its average volume of 836,513. The stock has a market cap of $586.88 million, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The business's fifty day moving average price is $11.09 and its 200 day moving average price is $13.91.

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 analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. Equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 5,662 shares of company stock valued at $68,045 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Sun Country Airlines 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.