Invesco Ltd. Has $4.05 Million Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Invesco Ltd. raised its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,017 shares of the company's stock after purchasing an additional 55,215 shares during the period. Invesco Ltd. owned 0.53% of Sun Country Airlines worth $4,053,000 at the end of the most recent quarter.

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

Sun Country Airlines Trading Down 0.1 %

SNCY opened at $9.42 on Monday. The firm has a market capitalization of $500.75 million, a PE ratio of 9.92, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company's 50-day moving average is $12.63 and its 200 day moving average is $14.12.

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 for the quarter, beating 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 company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter last year, the company earned $0.12 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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 target price on the stock. Barclays cut their price objective on shares of 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 decreased their target price 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 6,026 shares of company stock worth $74,249 over the last quarter. Insiders own 4.60% of the company's stock.

Sun Country Airlines 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.

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