Hotchkis & Wiley Capital Management LLC Invests $2.98 Million in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 265,840 shares of the company's stock, valued at approximately $2,980,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.50% of Sun Country Airlines at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in Sun Country Airlines in the first quarter valued at approximately $66,000. Algert Global LLC lifted its stake in Sun Country Airlines by 207.3% in the second quarter. Algert Global LLC now owns 360,273 shares of the company's stock valued at $4,525,000 after acquiring an additional 243,028 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Sun Country Airlines in the 3rd quarter valued at about $500,000. Maverick Capital Ltd. acquired a new position in shares of Sun Country Airlines during the 2nd quarter worth about $1,890,000. Finally, Dana Investment Advisors Inc. lifted its stake in Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company's stock valued at $10,152,000 after purchasing an additional 431,515 shares during the last quarter.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 37,817 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. This represents a 31.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David M. Davis sold 2,115 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the transaction, the chief financial officer now directly owns 36,158 shares of the company's stock, valued at $524,652.58. This trade represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,720 shares of company stock valued at $660,863 in the last three months. Corporate insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of recent analyst reports. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Susquehanna raised their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

Sun Country Airlines Stock Performance

NASDAQ SNCY traded down $0.26 on Friday, reaching $14.32. The stock had a trading volume of 484,299 shares, compared to its average volume of 738,312. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a market cap of $758.10 million, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46. The firm has a fifty day moving average of $13.10 and a two-hundred day moving average of $11.80. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $17.56.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.98 EPS 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.