Franklin Resources Inc. Purchases 50,160 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Franklin Resources Inc. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 196.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,643 shares of the company's stock after purchasing an additional 50,160 shares during the quarter. Franklin Resources Inc. owned about 0.14% of Sun Country Airlines worth $1,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNCY. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $30,841,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sun Country Airlines in the 4th quarter worth $6,898,000. American Century Companies Inc. increased its stake in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after acquiring an additional 292,275 shares during the period. JPMorgan Chase & Co. raised its holdings in Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after acquiring an additional 224,774 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Sun Country Airlines by 87.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after acquiring an additional 196,094 shares during the period.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the sale, the vice president now directly owns 11,618 shares in the company, valued at $199,016.34. This represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,415 shares of company stock valued at $3,139,352. Corporate insiders own 4.60% of the company's stock.

Sun Country Airlines Trading Down 10.0 %

NASDAQ:SNCY traded down $0.99 during trading hours on Friday, hitting $8.88. 2,514,158 shares of the stock were exchanged, compared to its average volume of 767,178. The company's 50 day moving average is $13.47 and its two-hundred day moving average is $14.14. The company has a market capitalization of $472.04 million, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.88 and a twelve month high of $18.59. 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 (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 analysts' consensus estimates of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.