Northern Trust Corp Has $5.62 Million Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Northern Trust Corp grew its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 385,135 shares of the company's stock after buying an additional 21,562 shares during the period. Northern Trust Corp owned 0.73% of Sun Country Airlines worth $5,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at $613,000. Quarry LP increased its stake in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after buying an additional 6,159 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at $102,000. Hancock Whitney Corp acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at $213,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Sun Country Airlines by 24.3% in the 4th 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 period.

Analysts Set New Price Targets

SNCY has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target 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. Barclays reduced their price target on 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. TD Cowen raised their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Susquehanna raised their price target on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 5,662 shares of company stock worth $68,045. Corporate insiders own 5.00% of the company's stock.

Sun Country Airlines Trading Down 1.9%

Shares of NASDAQ:SNCY traded down $0.21 during midday trading on Friday, hitting $11.03. The company had a trading volume of 501,798 shares, compared to its average volume of 835,049. The firm has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $13.92. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $586.88 million, a price-to-earnings ratio of 11.61, a PEG ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results 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 analyst estimates of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.