JPMorgan Chase & Co. Has $5.41 Million Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

JPMorgan Chase & Co. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 44.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 370,890 shares of the company's stock after buying an additional 113,789 shares during the period. JPMorgan Chase & Co. owned approximately 0.70% of Sun Country Airlines worth $5,408,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SNCY. Stoneridge Investment Partners LLC bought a new position in Sun Country Airlines in the fourth quarter valued at $154,000. Versor Investments LP acquired a new position in shares of Sun Country Airlines during the 4th quarter worth about $185,000. Quantbot Technologies LP acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $186,000. Proficio Capital Partners LLC bought a new stake in Sun Country Airlines during the fourth quarter worth about $190,000. Finally, New York State Teachers Retirement System boosted its position in Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after purchasing an additional 1,505 shares during the last quarter.

Sun Country Airlines Trading Down 10.0 %

Shares of SNCY stock opened at $8.88 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $472.04 million, a P/E ratio of 9.35, a P/E/G 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 stock's fifty day simple moving average is $13.47 and its 200 day simple moving average is $14.11.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $258.04 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Davis sold 59,380 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $545,516.60. The trade was a 64.80 % 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. Insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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 research report on Monday, April 7th. Barclays lowered their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sun Country Airlines has an average rating of "Moderate Buy" and an average price target of $17.71.

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.

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