Renaissance Technologies LLC purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 101,200 shares of the company's stock, valued at approximately $1,475,000. Renaissance Technologies LLC owned approximately 0.19% of Sun Country Airlines as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Stoneridge Investment Partners LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth about $154,000. CIBC Private Wealth Group LLC bought a new position in Sun Country Airlines in the fourth quarter valued at approximately $163,000. Versor Investments LP acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $185,000. Quantbot Technologies LP acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $186,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Sun Country Airlines during the fourth quarter worth $190,000.
Sun Country Airlines Stock Performance
SNCY opened at $9.31 on Tuesday. The business's 50-day simple moving average is $12.46 and its 200 day simple moving average is $14.11. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59. 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 firm has a market capitalization of $494.90 million, a PE ratio of 9.80, a PEG ratio of 0.42 and a beta of 1.55.
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 (EPS) for the quarter, topping 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 analysts' expectations of $258.04 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 6,026 shares of company stock valued at $74,249 in the last quarter. Company insiders own 4.60% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on SNCY. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Barclays reduced their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna dropped their target price on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average target price of $17.71.
Read Our Latest Report on Sun Country Airlines
Sun Country Airlines Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SNCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report).
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