JPMorgan Chase & Co. Has $5.41 Million Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

JPMorgan Chase & Co. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 44.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 370,890 shares of the company's stock after acquiring an additional 113,789 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of Sun Country Airlines worth $5,408,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SNCY. Pacer Advisors Inc. purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at approximately $30,841,000. American Century Companies Inc. lifted its holdings in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after buying an additional 292,275 shares during the period. Assenagon Asset Management S.A. increased its position in shares of 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 worth $6,114,000 after purchasing an additional 196,094 shares in the last quarter. South Dakota Investment Council increased its position in shares of Sun Country Airlines by 232.8% during the fourth quarter. South Dakota Investment Council now owns 232,650 shares of the company's stock worth $3,392,000 after purchasing an additional 162,741 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Sun Country Airlines by 119.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 214,637 shares of the company's stock valued at $3,129,000 after acquiring an additional 116,643 shares during the period.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 1,593 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $17.00, for a total transaction of $27,081.00. Following the sale, the vice president now owns 11,618 shares in the company, valued at $197,506. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Davis sold 59,389 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the completion of the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $550,033. This represents a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,035 shares of company stock valued at $2,032,456 in the last ninety days. Insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNCY. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price for the company. Barclays dropped their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna dropped their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.71.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded up $0.70 during trading hours on Wednesday, reaching $9.15. 359,823 shares of the stock were exchanged, compared to its average volume of 777,364. The stock has a market cap of $486.40 million, a P/E ratio of 9.63, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The firm's 50 day moving average is $13.13 and its 200 day moving average is $14.11.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same quarter last year, the business earned $0.12 earnings per share. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.