LSV Asset Management Acquires 124,478 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

LSV Asset Management increased its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 787,378 shares of the company's stock after acquiring an additional 124,478 shares during the quarter. LSV Asset Management owned about 1.49% of Sun Country Airlines worth $11,480,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its holdings in shares of Sun Country Airlines by 11.9% during the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after buying an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $5,191,000 after purchasing an additional 1,932 shares during the period. Dynamic Technology Lab Private Ltd lifted 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 worth $711,000 after purchasing an additional 4,089 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Sun Country Airlines by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 190,554 shares of the company's stock valued at $2,778,000 after purchasing an additional 5,760 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Sun Country Airlines by 29.3% in the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock valued at $269,000 after buying an additional 5,782 shares in the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.99 during trading on Friday, hitting $8.88. 2,514,158 shares of the company were exchanged, compared to its average volume of 763,740. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.88 and a 1-year high of $18.59. The company has a market capitalization of $472.04 million, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. The business's 50 day moving average is $13.64 and its 200-day moving average is $14.12.

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

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO David M. Davis sold 59,380 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total value of $1,004,115.80. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at $545,516.60. This represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 $1,533,619.78. This trade represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,415 shares of company stock valued at $3,139,352. 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.