Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,015 shares of the company's stock after selling 61,800 shares during the period. Primecap Management Co. CA owned approximately 0.16% of Sun Country Airlines worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNCY. Proficio Capital Partners LLC purchased a new position in Sun Country Airlines in the 4th quarter worth approximately $190,000. Victory Capital Management Inc. lifted its position in Sun Country Airlines by 246.9% during the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock worth $1,745,000 after buying an additional 85,201 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Sun Country Airlines during the fourth quarter worth $211,000. Charles Schwab Investment Management Inc. boosted its stake in Sun Country Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after buying an additional 1,932 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Sun Country Airlines in the 4th quarter valued at $496,000.

Sun Country Airlines Trading Up 8.4 %

Shares of Sun Country Airlines stock traded up $1.07 on Monday, reaching $13.88. The company had a trading volume of 648,126 shares, compared to its average volume of 700,313. The firm's 50 day moving average price is $15.82 and its two-hundred day moving average price is $14.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59. The firm has a market cap of $737.83 million, a PE ratio of 14.61, a PEG ratio of 0.42 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of 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. Susquehanna boosted their target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.29.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now owns 11,618 shares of the company's stock, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Grant Whitney sold 3,912 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $15.88, for a total transaction of $62,122.56. Following the completion of the transaction, the senior vice president now owns 16,455 shares of the company's stock, valued at approximately $261,305.40. This trade represents a 19.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock worth $3,380,795 in the last three months. 4.60% of the stock is owned by company 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.