American Century Companies Inc. Acquires 292,275 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

American Century Companies Inc. lifted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,395,948 shares of the company's stock after purchasing an additional 292,275 shares during the quarter. American Century Companies Inc. owned approximately 2.64% of Sun Country Airlines worth $20,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines during the fourth quarter valued at approximately $30,841,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Sun Country Airlines during the 3rd quarter worth approximately $2,980,000. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Assenagon Asset Management S.A. grew its position in Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after acquiring an additional 196,094 shares during the period. Finally, South Dakota Investment Council raised its stake in Sun Country Airlines by 232.8% during the fourth quarter. South Dakota Investment Council now owns 232,650 shares of the company's stock worth $3,392,000 after acquiring an additional 162,741 shares in the last quarter.

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Insider Buying and Selling

In related news, VP John Gyurci sold 1,593 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $17.00, for a total value of $27,081.00. Following the completion of the transaction, the vice president now owns 11,618 shares in the company, valued at $197,506. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Grant Whitney sold 2,127 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.98, for a total transaction of $33,989.46. Following the transaction, the senior vice president now directly owns 20,367 shares of the company's stock, valued at $325,464.66. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,203 shares of company stock worth $3,448,839 in the last ninety days. 4.60% of the stock is owned by insiders.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $1.37 during trading on Thursday, hitting $10.90. 2,382,033 shares of the stock were exchanged, compared to its average volume of 734,274. The company has a fifty day moving average price of $15.18 and a 200-day moving average price of $14.23. The stock has a market capitalization of $579.42 million, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million for the quarter, compared to analysts' expectations of $258.04 million. During the same period in the prior year, the firm earned $0.12 EPS. The business's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Susquehanna boosted their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and a consensus target price of $19.29.

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.