Millennium Management LLC Boosts Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Millennium Management LLC raised its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 176.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477,029 shares of the company's stock after acquiring an additional 304,343 shares during the period. Millennium Management LLC owned about 0.90% of Sun Country Airlines worth $6,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in 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 during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Sun Country Airlines during the fourth quarter worth about $30,841,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Sun Country Airlines by 24.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after purchasing an additional 374,221 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sun Country Airlines by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock worth $23,906,000 after purchasing an additional 264,976 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after purchasing an additional 292,275 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on SNCY. Barclays cut their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. TD Cowen boosted their price target on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Susquehanna upped their target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and a consensus price target of $17.43.

Insider Buying and Selling

In other news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 5,662 shares of company stock worth $68,045 in the last ninety days. 5.00% of the stock is owned by insiders.

Sun Country Airlines Stock Down 0.3%

Sun Country Airlines stock traded down $0.04 during trading on Friday, hitting $11.57. 510,560 shares of the company were exchanged, compared to its average volume of 834,510. The business's 50 day moving average is $10.92 and its 200 day moving average is $13.77. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The company has a market capitalization of $615.62 million, a P/E ratio of 12.18, a PEG ratio of 0.42 and a beta of 1.57. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The company 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 4.92% and a return on equity of 10.23%. Sun Country Airlines's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

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.