Arrowstreet Capital Limited Partnership Takes Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Arrowstreet Capital Limited Partnership bought a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 473,147 shares of the company's stock, valued at approximately $6,898,000. Arrowstreet Capital Limited Partnership owned about 0.89% of Sun Country Airlines as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in Sun Country Airlines during the 4th quarter valued at about $30,841,000. State Street Corp grew its position in Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company's stock worth $17,721,000 after purchasing an additional 51,224 shares in the last quarter. American Century Companies Inc. raised its position in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after buying an additional 292,275 shares during the period. FMR LLC lifted its stake in Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company's stock worth $8,041,000 after acquiring an additional 114,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after acquiring an additional 196,094 shares during the period.

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Analysts Set New Price Targets

SNCY has been the topic of a number of research reports. Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday. Susquehanna dropped 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 research note on Monday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.71.

Sun Country Airlines Stock Down 0.4 %

NASDAQ:SNCY traded down $0.04 during mid-day trading on Friday, reaching $10.35. The stock had a trading volume of 640,861 shares, compared to its average volume of 748,555. The stock has a market cap of $550.19 million, a P/E ratio of 10.89, a PEG ratio of 0.42 and a beta of 1.55. The business's 50 day moving average is $14.18 and its 200 day moving average is $14.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its 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 return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same period last year, the company earned $0.12 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 27,482 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the transaction, the vice president now owns 11,618 shares in the company, valued at $198,551.62. This trade represents a 70.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,327 shares of company stock valued at $3,201,474 in the last 90 days. 4.60% of the stock is currently owned by insiders.

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.