Boston Partners Lowers Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Boston Partners trimmed its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,795 shares of the company's stock after selling 29,787 shares during the period. Boston Partners owned approximately 0.14% of Sun Country Airlines worth $1,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SNCY. Proficio Capital Partners LLC bought a new stake in shares of Sun Country Airlines during the fourth quarter valued at approximately $190,000. Victory Capital Management Inc. lifted its stake in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock valued at $1,745,000 after buying an additional 85,201 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of Sun Country Airlines during the fourth quarter valued at about $211,000. Charles Schwab Investment Management Inc. increased its position in shares of Sun Country Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after acquiring an additional 1,932 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Sun Country Airlines in the 4th quarter worth about $496,000.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock traded down $0.02 during trading hours on Wednesday, hitting $13.54. 414,968 shares of the company's stock traded hands, compared to its average volume of 700,144. The company has a fifty day simple moving average of $15.74 and a 200-day simple moving average of $14.21. 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 stock has a market capitalization of $719.76 million, a price-to-earnings ratio of 14.25, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $18.59.

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Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping 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 business had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 27,482 shares of Sun Country Airlines stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.09, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Davis sold 59,389 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now owns 32,260 shares in the company, valued at $550,033. The trade was a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock valued at $3,380,795 over the last ninety days. 4.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Susquehanna increased 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. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given 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 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.