Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,912,664 shares of the company's stock after purchasing an additional 374,221 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.61% of Sun Country Airlines worth $27,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacer Advisors Inc. bought a new position in shares of Sun Country Airlines in the 4th quarter valued at about $30,841,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sun Country Airlines in the 4th quarter valued at $6,898,000. American Century Companies Inc. boosted its stake in shares of Sun Country Airlines by 26.5% in the 4th quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after purchasing an additional 292,275 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sun Country Airlines by 19.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock valued at $23,906,000 after acquiring an additional 264,976 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after buying an additional 224,774 shares during the last quarter.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock traded up $0.84 during trading on Friday, reaching $10.67. 725,410 shares of the stock traded hands, compared to its average volume of 812,511. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market capitalization of $567.20 million, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. The business has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $14.04.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 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 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. Sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 5,662 shares of company stock worth $68,045. Company insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SNCY. Barclays cut their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price on the stock. Finally, Susquehanna lowered their target price 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

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.