37,579 Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Bought by VELA Investment Management LLC

VELA Investment Management LLC purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,579 shares of the company's stock, valued at approximately $421,000. VELA Investment Management LLC owned 0.07% of Sun Country Airlines at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company's stock valued at $94,000 after purchasing an additional 8,186 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Sun Country Airlines by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 223,266 shares of the company's stock worth $2,503,000 after buying an additional 10,462 shares during the period. U S Global Investors Inc. grew its holdings in shares of 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 in the last quarter. Finally, Creative Planning raised its position in Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company's stock valued at $210,000 after buying an additional 4,954 shares during the last quarter.

Sun Country Airlines Stock Up 7.5 %

Shares of NASDAQ:SNCY traded up $1.05 during trading on Friday, hitting $15.10. 2,448,388 shares of the company were exchanged, compared to its average volume of 869,446. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. The stock has a market cap of $799.39 million, a price-to-earnings ratio of 18.64, a P/E/G ratio of 0.73 and a beta of 1.48. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $11.52.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share 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 business had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same period in the previous year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SNCY shares. Wolfe Research raised shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a research note on Tuesday, October 8th. Susquehanna decreased their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and an average target price of $17.20.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares of the company's stock, valued at $162,799.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 7,788 shares of company stock worth $85,852. Insiders own 4.60% of the company's stock.

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.