FIL Ltd Purchases New Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

FIL Ltd acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,750 shares of the company's stock, valued at approximately $1,061,000. FIL Ltd owned 0.14% of Sun Country Airlines as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 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 valued at $207,000 after buying an additional 1,505 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 1,932 shares during the period. Dynamic Technology Lab Private Ltd raised 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 purchasing an additional 4,089 shares during the period. Principal Financial Group Inc. lifted 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 valued at $2,778,000 after purchasing an additional 5,760 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of 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 purchasing an additional 5,782 shares during the period.

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Insider Buying and Selling at Sun Country Airlines

In related news, CFO David M. Davis sold 59,380 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 32,260 shares in the company, valued at $545,516.60. This represents a 64.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,415 shares of company stock worth $3,139,352 over the last 90 days. Insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNCY. Barclays reduced 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 report on Tuesday, April 8th. Susquehanna lowered their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

Sun Country Airlines Stock Up 4.5 %

NASDAQ:SNCY traded up $0.44 during mid-day trading on Tuesday, reaching $10.12. The stock had a trading volume of 1,217,926 shares, compared to its average volume of 753,207. 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 cap of $537.96 million, a P/E ratio of 10.65, a PEG ratio of 0.42 and a beta of 1.55. The business's 50 day moving average is $13.94 and its 200 day moving average is $14.17. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating 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 net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current 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.