JPMorgan Chase & Co. Grows Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

JPMorgan Chase & Co. boosted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 695.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,101 shares of the company's stock after purchasing an additional 224,774 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Sun Country Airlines worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. U S Global Investors Inc. raised its position in shares of Sun Country Airlines by 14.2% during the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company's stock valued at $30,332,000 after buying an additional 336,086 shares in the last quarter. State Street Corp increased its stake in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company's stock valued at $17,721,000 after acquiring an additional 51,224 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company's stock valued at $14,899,000 after acquiring an additional 112,397 shares during the last quarter. American Century Companies Inc. raised its position in Sun Country Airlines by 40.0% during the second quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock valued at $11,321,000 after purchasing an additional 257,418 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company's stock worth $10,152,000 after purchasing an additional 431,515 shares during the last quarter.

Sun Country Airlines Trading Up 1.3 %

NASDAQ:SNCY traded up $0.20 during midday trading on Monday, reaching $16.18. 494,750 shares of the stock traded hands, compared to its average volume of 637,357. The stock has a market capitalization of $856.57 million, a P/E ratio of 19.98, a PEG ratio of 0.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a fifty day moving average of $14.90 and a 200 day moving average of $12.73. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $16.46.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during 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%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company's stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,458 shares of company stock worth $1,568,660. 4.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SNCY has been the topic of a number of research reports. Susquehanna raised their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. The Goldman Sachs Group reissued a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note 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 research note on Thursday, November 14th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.67.

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.