Bridgewater Associates LP Takes $608,000 Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bridgewater Associates LP bought a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,667 shares of the company's stock, valued at approximately $608,000. Bridgewater Associates LP owned approximately 0.08% of Sun Country Airlines as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Stoneridge Investment Partners LLC purchased a new position in Sun Country Airlines during the 4th quarter worth $154,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $163,000. Versor Investments LP acquired a new position in shares of Sun Country Airlines during the fourth quarter valued at about $185,000. Quantbot Technologies LP acquired a new position in shares of Sun Country Airlines during the fourth quarter valued at about $186,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Sun Country Airlines in the 4th quarter valued at approximately $190,000.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 27,482 shares of the business'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 transaction, the vice president now directly owns 11,618 shares in the company, valued at approximately $198,551.62. The trade was a 70.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 2,172 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,490 shares of company stock valued at $1,583,580. 4.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SNCY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target on the stock. Barclays cut their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Susquehanna lowered their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY traded up $0.73 during trading on Thursday, reaching $9.43. 2,108,940 shares of the company traded hands, compared to its average volume of 790,520. The stock has a market cap of $501.28 million, a P/E ratio of 9.93, a PEG ratio of 0.42 and a beta of 1.55. The firm's fifty day simple moving average is $12.96 and its 200 day simple moving average is $14.08. 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 12-month low of $8.10 and a 12-month 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 (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 period in the prior year, the company posted $0.12 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.