J. Goldman & Co LP Acquires New Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

J. Goldman & Co LP bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 364,102 shares of the company's stock, valued at approximately $5,309,000. J. Goldman & Co LP owned 0.69% of Sun Country Airlines at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its stake 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 worth $207,000 after purchasing an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sun Country Airlines by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after acquiring an additional 1,932 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after acquiring an additional 2,792 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Sun Country Airlines by 9.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after purchasing an additional 4,089 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines during the 4th quarter valued at $60,000.

Insider Activity

In other 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 5,662 shares of company stock worth $68,045 over the last 90 days. 5.00% of the stock is owned by company insiders.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY traded down $0.39 during midday trading on Thursday, reaching $12.11. The company's stock had a trading volume of 650,369 shares, compared to its average volume of 828,538. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $11.30 and a 200 day moving average price of $14.02. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The company has a market cap of $644.35 million, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its 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 4.92% and a return on equity of 10.23%. The business had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same period in the previous year, the firm earned $0.66 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SNCY shares. Barclays decreased 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 report on Tuesday, April 8th. TD Cowen boosted their target price 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. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, Susquehanna boosted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.43.

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.