Federated Hermes Inc. Acquires 156,700 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Federated Hermes Inc. raised its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 428.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,238 shares of the company's stock after buying an additional 156,700 shares during the quarter. Federated Hermes Inc. owned about 0.37% of Sun Country Airlines worth $2,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System increased its holdings in shares of Sun Country Airlines by 11.9% in the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after acquiring an additional 1,505 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sun Country Airlines by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after purchasing an additional 1,932 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Sun Country Airlines by 9.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock worth $711,000 after buying an additional 4,089 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Sun Country Airlines by 3.1% during the fourth 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 in the last quarter. Finally, Franklin Resources Inc. lifted 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 valued at $269,000 after acquiring an additional 5,782 shares in the last quarter.

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Analyst Upgrades and Downgrades

SNCY has been the subject of several research reports. Barclays decreased their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. 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 objective for the company. Finally, Susquehanna lowered their target price on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Davis sold 59,380 shares of Sun Country Airlines stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the transaction, the chief financial officer now owns 32,260 shares in the company, valued at approximately $545,516.60. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,415 shares of company stock worth $3,139,352. Insiders own 4.60% of the company's stock.

Sun Country Airlines Stock Performance

SNCY stock traded up $0.44 during trading hours on Tuesday, hitting $10.12. 1,217,926 shares of the stock were exchanged, compared to its average volume of 753,207. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $537.96 million, a P/E ratio of 10.65, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a 50-day simple moving average of $13.94 and a two-hundred day simple moving average of $14.17.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.