Jennison Associates LLC Sells 309,145 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Jennison Associates LLC cut its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,571,981 shares of the company's stock after selling 309,145 shares during the quarter. Jennison Associates LLC owned 2.90% of Sun Country Airlines worth $24,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company's stock worth $62,468,000 after buying an additional 150,735 shares in the last quarter. Boston Partners boosted its stake in Sun Country Airlines by 95.7% in the 3rd quarter. Boston Partners now owns 109,038 shares of the company's stock worth $1,618,000 after purchasing an additional 53,320 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sun Country Airlines by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 313,627 shares of the company's stock worth $4,654,000 after buying an additional 3,748 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Sun Country Airlines by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 25,108 shares of the company's stock valued at $372,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Sun Country Airlines during the 3rd quarter valued at $247,000.

Analysts Set New Price Targets

Several research firms recently issued reports on SNCY. Morgan Stanley upgraded Sun Country Airlines from an "equal weight" rating to an "overweight" rating and set a $21.00 price target on the stock in a research report on Monday, February 26th. Barclays raised their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, February 5th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $15.00 target price (down from $17.00) on shares of Sun Country Airlines in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $19.60.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.14 during trading on Thursday, hitting $14.15. 471,888 shares of the company's stock were exchanged, compared to its average volume of 608,894. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.65 and a quick ratio of 0.63. The business's 50-day simple moving average is $14.62 and its 200 day simple moving average is $14.58. Sun Country Airlines Holdings, Inc. has a 52-week low of $11.96 and a 52-week high of $23.80. The company has a market cap of $754.05 million, a price-to-earnings ratio of 11.60, a PEG ratio of 0.50 and a beta of 1.62.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. The business had revenue of $245.54 million during the quarter, compared to the consensus estimate of $248.82 million. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares of the company's stock, valued at approximately $1,793,620.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 5,073 shares of company stock valued at $72,944. 3.50% of the stock is currently owned by insiders.

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.