Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,180 shares of the company's stock after acquiring an additional 24,942 shares during the period. Federated Hermes Inc. owned approximately 0.41% of Sun Country Airlines worth $2,688,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Corton Capital Inc. purchased a new position in shares of Sun Country Airlines during the 1st quarter valued at approximately $155,000. Royce & Associates LP boosted its position in Sun Country Airlines by 99.6% during the first quarter. Royce & Associates LP now owns 43,998 shares of the company's stock worth $542,000 after purchasing an additional 21,954 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Sun Country Airlines by 8.3% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 198,962 shares of the company's stock valued at $2,451,000 after purchasing an additional 15,210 shares during the period. Foundry Partners LLC purchased a new stake in shares of Sun Country Airlines in the first quarter valued at approximately $4,861,000. Finally, Victory Capital Management Inc. raised its stake in shares of Sun Country Airlines by 303.2% during the 1st quarter. Victory Capital Management Inc. now owns 482,708 shares of the company's stock worth $5,947,000 after buying an additional 362,999 shares during the period.

Wall Street Analyst Weigh In

SNCY has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. TD Cowen upped their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Susquehanna restated a "neutral" rating and set a $11.00 price target (down from $12.00) on shares of Sun Country Airlines in a research report on Tuesday. Finally, Evercore ISI lowered their target price on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.38.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of Sun Country Airlines 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 transaction, the vice president directly owned 26,122 shares of the company's stock, valued at $300,141.78. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 9,372 shares of company stock valued at $110,365. Insiders own 4.60% of the company's stock.

Sun Country Airlines Price Performance

Shares of SNCY traded up $0.26 on Wednesday, reaching $10.56. The stock had a trading volume of 852,335 shares, compared to its average volume of 987,106. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The firm has a market capitalization of $563.06 million, a PE ratio of 9.96, a PEG ratio of 0.22 and a beta of 1.61. The firm has a 50-day moving average of $11.84 and a 200 day moving average of $12.79. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.72.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $263.62 million during the quarter, compared to analysts' expectations of $256.04 million. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Sell-side analysts expect 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.