172,200 Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Acquired by Norges Bank

Norges Bank bought a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 172,200 shares of the company's stock, valued at approximately $2,511,000. Norges Bank owned approximately 0.33% of Sun Country Airlines at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SNCY. Stoneridge Investment Partners LLC purchased a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $154,000. Versor Investments LP purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth about $185,000. Quantbot Technologies LP purchased a new position in shares of Sun Country Airlines during the 4th quarter valued at approximately $186,000. Proficio Capital Partners LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter worth about $190,000. Finally, New York State Teachers Retirement System boosted its position in 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 worth $207,000 after purchasing an additional 1,505 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction 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 sale, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at approximately $550,033. The trade was a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,415 shares of company stock worth $3,139,352 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays reduced their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Susquehanna cut 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, JPMorgan Chase & Co. began 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 on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.71.

Sun Country Airlines Trading Down 8.0 %

SNCY traded down $0.79 during midday trading on Thursday, hitting $9.08. The company's stock had a trading volume of 654,916 shares, compared to its average volume of 890,271. 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 firm has a market cap of $482.67 million, a P/E ratio of 9.60, a PEG ratio of 0.42 and a beta of 1.55. The firm has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $14.14. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.93 and a 52-week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its earnings results 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 return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same period in the prior year, the business posted $0.12 EPS. The business's revenue was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Sun Country Airlines Company 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.