Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 88.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,044 shares of the company's stock after selling 172,526 shares during the period. Royce & Associates LP's holdings in Sun Country Airlines were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in Sun Country Airlines in the third quarter worth about $132,000. Stoneridge Investment Partners LLC purchased a new stake in Sun Country Airlines in the fourth quarter worth $154,000. Versor Investments LP bought a new stake in shares of Sun Country Airlines during the fourth quarter worth $185,000. Proficio Capital Partners LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at $190,000. Finally, New York State Teachers Retirement System grew its holdings in shares of Sun Country Airlines by 11.9% in the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after purchasing an additional 1,505 shares during the last quarter.

Insider Activity

In other Sun Country Airlines news, CFO David M. Davis sold 59,389 shares of the stock in a transaction 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 $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Gyurci sold 27,482 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.09, for a total transaction of $469,667.38. Following the sale, the vice president now directly owns 11,618 shares of the company's stock, valued at $198,551.62. This represents a 70.29 % 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 over the last three months. 4.60% of the stock is currently owned by corporate insiders.

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Sun Country Airlines Stock Performance

SNCY traded down $0.02 during midday trading on Wednesday, hitting $13.54. 414,968 shares of the company were exchanged, compared to its average volume of 700,144. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $719.76 million, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company's 50 day simple moving average is $15.74 and its 200 day simple moving average is $14.21.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price objective for the company. Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.29.

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.