LPL Financial LLC Buys New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

LPL Financial LLC acquired a new position in 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 fund acquired 58,030 shares of the company's stock, valued at approximately $846,000. LPL Financial LLC owned approximately 0.11% of Sun Country Airlines as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SNCY. Stoneridge Investment Partners LLC purchased a new stake in shares of Sun Country Airlines during the 4th quarter valued at $154,000. Versor Investments LP purchased a new stake in Sun Country Airlines in the fourth quarter valued at about $185,000. Quantbot Technologies LP acquired a new stake in Sun Country Airlines in the fourth quarter worth about $186,000. Proficio Capital Partners LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $190,000. Finally, New York State Teachers Retirement System increased its holdings in shares of 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 acquiring an additional 1,505 shares in the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.01 during midday trading on Friday, reaching $9.42. 1,447,487 shares of the company's stock traded hands, compared to its average volume of 797,476. The company has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $14.07. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59. The company has a market cap of $500.75 million, a P/E ratio of 9.92, a PEG 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 (NASDAQ:SNCY - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same quarter last year, the business posted $0.12 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price on the stock. Susquehanna dropped their price objective on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, 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 research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,897 shares of company stock valued at $1,556,499. Corporate insiders own 4.60% of the company's stock.

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.