LPL Financial LLC Takes $846,000 Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

LPL Financial LLC bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 58,030 shares of the company's stock, valued at approximately $846,000. LPL Financial LLC owned approximately 0.11% of Sun Country Airlines as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms recently commented on SNCY. Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Susquehanna cut their price objective on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.71.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY traded down $0.13 during trading on Friday, reaching $9.30. The stock had a trading volume of 824,514 shares, compared to its average volume of 794,002. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The stock has a market capitalization of $494.37 million, a PE ratio of 9.76, 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. The business's 50-day moving average price is $12.80 and its 200 day moving average price is $14.07.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same period in the prior year, the business posted $0.12 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 59,389 shares of Sun Country Airlines 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 directly owns 32,260 shares of the company's stock, valued at $550,033. The trade was a 64.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,897 shares of company stock valued at $1,556,499. 4.60% of the stock is owned by corporate insiders.

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.