Norges Bank Purchases New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Norges Bank acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 172,200 shares of the company's stock, valued at approximately $2,511,000. Norges Bank owned approximately 0.33% of Sun Country Airlines as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Finally, Susquehanna lowered their price objective on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.71.

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Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 27,482 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.09, for a total value of $469,667.38. Following the sale, the vice president now owns 11,618 shares in the company, valued at approximately $198,551.62. This represents a 70.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David M. Davis sold 59,389 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction 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 approximately $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,415 shares of company stock worth $3,139,352 over the last 90 days. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY traded up $0.44 during mid-day trading on Tuesday, hitting $10.12. The stock had a trading volume of 1,217,926 shares, compared to its average volume of 752,367. The firm has a market cap of $537.96 million, a PE ratio of 10.65, a PEG ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The company has a 50 day moving average of $14.06 and a two-hundred day moving average of $14.20. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59.

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

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.