Jump Financial LLC Invests $1.18 Million in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Jump Financial LLC bought a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 81,130 shares of the company's stock, valued at approximately $1,183,000. Jump Financial LLC owned approximately 0.15% of Sun Country Airlines at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stoneridge Investment Partners LLC acquired a new position in Sun Country Airlines during the 4th quarter valued at approximately $154,000. CIBC Private Wealth Group LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at $163,000. Versor Investments LP purchased a new position in Sun Country Airlines in the 4th quarter worth $185,000. Quantbot Technologies LP acquired a new stake in Sun Country Airlines during the 4th quarter worth about $186,000. Finally, Proficio Capital Partners LLC acquired a new stake in Sun Country Airlines during the 4th quarter worth about $190,000.

Analysts Set New Price Targets

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

Sun Country Airlines Stock Performance

SNCY remained flat at $9.43 on Friday. 926,138 shares of the company's stock were exchanged, compared to its average volume of 796,070. The company has a 50-day moving average price of $12.80 and a 200-day moving average price of $14.07. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The company has a market cap of $501.28 million, a P/E ratio of 9.91, a P/E/G ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share 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 company had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. During the same quarter in the prior year, the firm posted $0.12 EPS. Sun Country Airlines's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO David M. Davis sold 59,389 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the transaction, the chief financial officer now owns 32,260 shares in the company, valued at $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,897 shares of company stock valued at $1,556,499. 4.60% of the stock is owned by corporate insiders.

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.