VELA Investment Management LLC Buys 25,162 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

VELA Investment Management LLC grew its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,746 shares of the company's stock after buying an additional 25,162 shares during the quarter. VELA Investment Management LLC owned 0.24% of Sun Country Airlines worth $1,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SNCY. Principal Financial Group Inc. boosted its holdings in Sun Country Airlines by 2.9% during the first quarter. Principal Financial Group Inc. now owns 196,144 shares of the company's stock worth $2,416,000 after purchasing an additional 5,590 shares during the last quarter. New York State Teachers Retirement System raised its position in Sun Country Airlines by 17.2% in the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock worth $205,000 after acquiring an additional 2,443 shares during the period. SG Americas Securities LLC bought a new stake in Sun Country Airlines in the first quarter worth about $498,000. GAMMA Investing LLC raised its position in Sun Country Airlines by 1,390.3% in the first quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock worth $122,000 after acquiring an additional 9,218 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $2,679,000.

Insider Activity

In other news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the sale, the vice president owned 26,122 shares of the company's stock, valued at approximately $300,141.78. This represents a 10.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 9,372 shares of company stock valued at $110,365. 4.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on SNCY shares. JPMorgan Chase & Co. lowered 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 research report on Monday, May 5th. Barclays reduced their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Susquehanna boosted their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, TD Cowen boosted their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines has an average rating of "Moderate Buy" and a consensus price target of $16.83.

Sun Country Airlines Price Performance

SNCY stock traded up $0.20 during midday trading on Tuesday, reaching $12.77. The company had a trading volume of 1,454,144 shares, compared to its average volume of 856,640. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59. The company has a market capitalization of $679.49 million, a P/E ratio of 13.16, a P/E/G ratio of 0.25 and a beta of 1.61. The firm has a 50-day moving average price of $11.59 and a 200-day moving average price of $13.24.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released 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. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. The business had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. During the same quarter in the previous year, the company earned $0.66 EPS. The business's quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.