Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,360 shares of the company's stock after acquiring an additional 196,094 shares during the quarter. Assenagon Asset Management S.A. owned about 0.79% of Sun Country Airlines worth $6,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock worth $11,321,000 after purchasing an additional 257,418 shares during the last quarter. Federated Hermes Inc. grew its stake in Sun Country Airlines by 23,606.4% in the 2nd quarter. Federated Hermes Inc. now owns 51,680 shares of the company's stock valued at $649,000 after buying an additional 51,462 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sun Country Airlines by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company's stock valued at $14,899,000 after acquiring an additional 112,397 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company's stock valued at $1,047,000 after purchasing an additional 2,512 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Sun Country Airlines by 213.2% during the second quarter. AQR Capital Management LLC now owns 516,269 shares of the company's stock valued at $6,484,000 after buying an additional 351,421 shares during the period.

Sun Country Airlines Price Performance

SNCY stock traded up $0.20 during midday trading on Monday, reaching $16.18. The company had a trading volume of 494,750 shares, compared to its average volume of 637,357. The firm has a 50-day moving average price of $14.90 and a 200-day moving average price of $12.73. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a market capitalization of $856.57 million, a P/E ratio of 19.98, a P/E/G ratio of 0.36 and a beta of 1.44. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.46.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Gyurci sold 40,000 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the sale, the vice president now directly owns 12,999 shares of the company's stock, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,458 shares of company stock valued at $1,568,660. Corporate insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SNCY shares. Barclays raised their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.67.

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.