Renaissance Technologies LLC Invests $1.48 Million in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Renaissance Technologies LLC acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 101,200 shares of the company's stock, valued at approximately $1,475,000. Renaissance Technologies LLC owned 0.19% of Sun Country Airlines as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SNCY. New York State Teachers Retirement System lifted its holdings in 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 valued at $207,000 after purchasing an additional 1,505 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sun Country Airlines by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after acquiring an additional 1,932 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Sun Country Airlines by 9.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock worth $711,000 after acquiring an additional 4,089 shares in the last quarter. Principal Financial Group Inc. grew its position in Sun Country Airlines by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 190,554 shares of the company's stock worth $2,778,000 after acquiring an additional 5,760 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock valued at $269,000 after purchasing an additional 5,782 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on SNCY. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective on the stock. Susquehanna decreased 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 dropped their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Sun Country Airlines Trading Up 11.5 %

Sun Country Airlines stock traded up $1.13 during trading hours on Friday, reaching $10.96. 1,829,173 shares of the company's stock traded hands, compared to its average volume of 821,019. The firm has a market capitalization of $582.61 million, a price-to-earnings ratio of 11.54, 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 Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The firm's 50 day moving average is $11.89 and its 200-day moving average is $14.06.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same period in the prior year, the business posted $0.66 earnings per share. Sun Country Airlines's revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 5,662 shares of company stock worth $68,045 in the last three months. 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.