Martingale Asset Management L P Purchases Shares of 52,321 Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Martingale Asset Management L P acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,321 shares of the company's stock, valued at approximately $763,000. Martingale Asset Management L P owned approximately 0.10% of Sun Country Airlines at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SNCY. Charles Schwab Investment Management Inc. boosted its stake in Sun Country Airlines by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company's stock valued at $3,969,000 after purchasing an additional 8,855 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 purchasing an additional 51,224 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Sun Country Airlines during the third quarter valued at approximately $292,000. Barclays PLC grew its holdings in Sun Country Airlines by 260.8% during the third quarter. Barclays PLC now owns 117,457 shares of the company's stock worth $1,316,000 after buying an additional 84,906 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Sun Country Airlines by 29.3% in the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock valued at $269,000 after buying an additional 5,782 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SNCY shares. Susquehanna reduced their target price on shares of 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. 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 objective for the company. Finally, Barclays dropped 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 research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.71.

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Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 59,380 shares of the 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 sale, the chief financial officer now owns 32,260 shares in the company, valued at $545,516.60. This 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 at this link. Also, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly 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 ninety days, insiders have sold 186,415 shares of company stock worth $3,139,352. 4.60% of the stock is owned by corporate insiders.

Sun Country Airlines Stock Performance

Sun Country Airlines stock traded up $0.44 during trading on Tuesday, hitting $10.12. The stock had a trading volume of 1,217,926 shares, compared to its average volume of 753,207. 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 stock's 50 day moving average is $13.94 and its two-hundred day moving average is $14.17. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59. The stock has a market cap of $537.96 million, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55.

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

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.