Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Purchased by VELA Investment Management LLC

VELA Investment Management LLC lifted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.24% of Sun Country Airlines worth $1,586,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SNCY. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth about $60,000. BNP Paribas Financial Markets acquired a new position in Sun Country Airlines in the 4th quarter worth about $74,000. Aquatic Capital Management LLC acquired a new position in Sun Country Airlines in the 4th quarter worth about $102,000. Quarry LP raised its holdings in Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after purchasing an additional 6,159 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock worth $122,000 after purchasing an additional 9,218 shares during the period.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was 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 trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 9,372 shares of company stock valued at $110,365 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock traded up $0.02 during mid-day trading on Monday, reaching $12.60. 1,075,707 shares of the stock traded hands, compared to its average volume of 851,815. The business has a 50-day moving average of $11.46 and a 200 day moving average of $13.26. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The stock has a market capitalization of $670.42 million, a PE ratio of 12.99, a PEG ratio of 0.24 and a beta of 1.61. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.77.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. 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 prior year, the firm earned $0.66 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

SNCY has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Susquehanna upped their price target on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a 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 for the company in a report on Tuesday, April 8th. Finally, TD Cowen upped their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.83.

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.