Zimmer Partners LP Acquires New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Zimmer Partners LP acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 429,421 shares of the company's stock, valued at approximately $6,261,000. Zimmer Partners LP owned about 0.81% of Sun Country Airlines at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sun Country Airlines by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after purchasing an additional 796 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after buying an additional 1,505 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sun Country Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after buying an additional 1,932 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Sun Country Airlines by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after buying an additional 2,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Sun Country Airlines by 9.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after buying an additional 4,089 shares in the last quarter.

Insider Activity at Sun Country Airlines

In related 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 transaction of $26,107.44. Following the transaction, 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 legal filing with the SEC, which is available at this link. Insiders have sold 5,662 shares of company stock worth $68,045 over the last three months. Company insiders own 5.00% of the company's stock.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $0.21 during trading on Friday, reaching $11.03. The company's stock had a trading volume of 501,798 shares, compared to its average volume of 836,513. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The business's fifty day moving average price is $11.09 and its 200-day moving average price is $13.91. The firm has a market cap of $586.88 million, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same period in the previous year, the company posted $0.66 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNCY. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Barclays cut their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen raised their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.43.

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.