Martingale Asset Management L P Takes $763,000 Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Martingale Asset Management L P acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 52,321 shares of the company's stock, valued at approximately $763,000. Martingale Asset Management L P owned about 0.10% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SNCY. State Street Corp grew its stake in shares of Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company's stock worth $17,721,000 after purchasing an additional 51,224 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at approximately $190,000. JPMorgan Chase & Co. boosted its stake in Sun Country Airlines by 695.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock worth $2,882,000 after acquiring an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. grew 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 purchasing an additional 196,094 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock valued at $1,745,000 after purchasing an additional 85,201 shares in the last quarter.

Sun Country Airlines Stock Down 10.0 %

Shares of Sun Country Airlines stock traded down $0.99 during trading hours on Friday, reaching $8.88. 2,514,158 shares of the company's stock were exchanged, compared to its average volume of 763,740. 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 of $13.64 and a two-hundred day moving average of $14.12. The stock has a market cap of $472.04 million, a P/E ratio of 9.35, a P/E/G ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same period last year, the company earned $0.12 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of 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. Susquehanna lowered their target price on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Barclays reduced their price target 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Insider Buying and Selling

In related news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the transaction, the vice president now owns 11,618 shares in the company, valued at approximately $199,016.34. This trade represents a 34.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 2,172 shares of the company'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 value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 186,415 shares of company stock worth $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.