Pacer Advisors Inc. Invests $30.84 Million in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Pacer Advisors Inc. bought a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,115,326 shares of the company's stock, valued at approximately $30,841,000. Pacer Advisors Inc. owned about 4.00% of Sun Country Airlines at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SNCY. State Street Corp lifted its holdings in shares of Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company's stock worth $17,721,000 after acquiring an additional 51,224 shares during the last quarter. FMR LLC raised its stake in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company's stock worth $8,041,000 after acquiring an additional 114,687 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock worth $2,882,000 after acquiring an additional 224,774 shares during the last quarter. Algert Global LLC boosted its stake in shares of Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company's stock valued at $4,525,000 after purchasing an additional 243,028 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after purchasing an additional 196,094 shares during the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on SNCY. The Goldman Sachs Group restated a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target on the stock. Barclays boosted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Wolfe Research upgraded shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. Finally, Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.29.

Insider Transactions at Sun Country Airlines

In related news, CFO David M. Davis sold 59,389 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the sale, the chief financial officer now owns 32,260 shares in the company, valued at $550,033. This represents a 64.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the transaction, the vice president now owns 12,999 shares of the company's stock, valued at $202,914.39. The trade was a 75.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 281,847 shares of company stock valued at $4,633,762 in the last three months. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Trading Down 0.2 %

Shares of NASDAQ:SNCY traded down $0.03 on Friday, hitting $16.97. The company had a trading volume of 585,813 shares, compared to its average volume of 676,311. The firm's 50-day simple moving average is $15.26 and its two-hundred day simple moving average is $13.00. The firm has a market capitalization of $898.39 million, a price-to-earnings ratio of 20.95, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $17.51.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

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.