Prudential Financial Inc. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 65.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,591 shares of the company's stock after purchasing an additional 102,400 shares during the period. Prudential Financial Inc. owned about 0.49% of Sun Country Airlines worth $3,770,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNCY. Stoneridge Investment Partners LLC purchased a new stake in Sun Country Airlines during the 4th quarter valued at $154,000. Paloma Partners Management Co purchased a new stake in Sun Country Airlines during the third quarter valued at $132,000. Versor Investments LP bought a new position in Sun Country Airlines in the fourth quarter valued at about $185,000. Quantbot Technologies LP purchased a new position in Sun Country Airlines in the fourth quarter worth about $186,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter valued at about $190,000.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Sun Country Airlines has an average rating of "Moderate Buy" and an average target price of $19.29.
Check Out Our Latest Analysis on Sun Country Airlines
Insider Buying and Selling
In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, 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 is accessible through this link. Also, CFO David M. Davis sold 2,760 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.93, for a total transaction of $43,966.80. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,182 shares of company stock worth $3,405,960. 4.60% of the stock is owned by corporate insiders.
Sun Country Airlines Price Performance
NASDAQ:SNCY traded down $0.68 during trading hours on Friday, hitting $10.22. 1,121,310 shares of the stock traded hands, compared to its average volume of 736,016. The company has a market cap of $543.27 million, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59. The stock has a 50 day moving average price of $15.05 and a 200 day moving average price of $14.26. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Sun Country Airlines 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.
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