Bailard Inc. Acquires New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bailard Inc. purchased a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,999 shares of the company's stock, valued at approximately $496,000. Bailard Inc. owned about 0.06% of Sun Country Airlines at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after buying an additional 1,000 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after buying an additional 1,505 shares during the last quarter. Creative Planning boosted its stake in Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company's stock worth $210,000 after buying an additional 4,954 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Sun Country Airlines by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 190,554 shares of the company's stock worth $2,778,000 after buying an additional 5,760 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Sun Country Airlines by 29.3% in the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock worth $269,000 after buying an additional 5,782 shares during the last quarter.

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Insiders Place Their Bets

In other news, CFO David M. Davis sold 59,389 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $550,033. The trade was a 64.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares of the company's stock, valued at $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 242,279 shares of company stock worth $4,031,056 in the last three months. 4.60% of the stock is owned by insiders.

Sun Country Airlines Trading Down 1.3 %

Shares of NASDAQ SNCY traded down $0.19 during midday trading on Friday, hitting $14.69. The stock had a trading volume of 551,739 shares, compared to its average volume of 701,504. The company has a market capitalization of $780.89 million, a price-to-earnings ratio of 15.46, a PEG ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 0.61, a current ratio of 0.63 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. The company has a fifty day moving average price of $16.24 and a 200 day moving average price of $13.90.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. assumed 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. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.29.

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.