Invesco Ltd. Has $4.05 Million Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Invesco Ltd. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 278,017 shares of the company's stock after buying an additional 55,215 shares during the period. Invesco Ltd. owned about 0.53% of Sun Country Airlines worth $4,053,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at approximately $190,000. JPMorgan Chase & Co. raised its position in shares of Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after purchasing an additional 224,774 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after acquiring an additional 196,094 shares during the period. Victory Capital Management Inc. increased its stake in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock worth $1,745,000 after purchasing an additional 85,201 shares during the period. Finally, Barclays PLC boosted its stake in Sun Country Airlines by 260.8% during the 3rd quarter. Barclays PLC now owns 117,457 shares of the company's stock valued at $1,316,000 after purchasing an additional 84,906 shares during the period.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,662 shares of company stock valued at $68,045 in the last ninety days. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several research reports. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective for the company. Barclays lowered their target price on shares of 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. Finally, Susquehanna lowered their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

Sun Country Airlines Trading Up 7.0 %

Sun Country Airlines stock traded up $0.69 during trading hours on Friday, reaching $10.52. 451,522 shares of the company's stock traded hands, compared to its average volume of 811,482. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The firm's 50 day moving average is $12.01 and its 200-day moving average is $14.04. 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 firm has a market capitalization of $559.22 million, a price-to-earnings ratio of 11.08, a PEG ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The firm 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%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current 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.