Los Angeles Capital Management LLC Lowers Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Los Angeles Capital Management LLC lessened its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,994 shares of the company's stock after selling 99,292 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Sun Country Airlines worth $1,099,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company's stock valued at $70,577,000 after purchasing an additional 75,252 shares during the last quarter. U S Global Investors Inc. boosted its stake in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company's stock worth $30,332,000 after buying an additional 336,086 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Sun Country Airlines by 10.5% during 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 stake in shares of Sun Country Airlines by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company's stock valued at $11,321,000 after acquiring an additional 257,418 shares during the period. Finally, Dana Investment Advisors Inc. lifted its holdings in shares of Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company's stock worth $10,152,000 after acquiring an additional 431,515 shares during the last quarter.

Sun Country Airlines Stock Down 3.5 %

SNCY stock traded down $0.54 during mid-day trading on Friday, reaching $14.89. The company had a trading volume of 698,814 shares, compared to its average volume of 668,434. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. The company has a market capitalization of $788.28 million, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. 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 firm has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $11.58.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jude Bricker sold 37,817 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,720 shares of company stock worth $694,763 over the last ninety days. Corporate insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SNCY. Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday. Wolfe Research upgraded Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a report on Tuesday, October 8th. Susquehanna increased their target price on Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

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.