Russell Investments Group Ltd. Raises Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Russell Investments Group Ltd. increased its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 25.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 342,626 shares of the company's stock after acquiring an additional 68,791 shares during the period. Russell Investments Group Ltd. owned approximately 0.65% of Sun Country Airlines worth $4,995,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. CIBC Private Wealth Group LLC acquired a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $163,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $154,000. Versor Investments LP purchased a new stake in shares of Sun Country Airlines during the fourth quarter worth about $185,000. Quantbot Technologies LP purchased a new position in Sun Country Airlines in the 4th quarter valued at about $186,000. Finally, Proficio Capital Partners LLC acquired a new stake in Sun Country Airlines in the 4th quarter worth about $190,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNCY shares. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price on the stock. Barclays decreased their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna dropped their target price on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a 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 company. According to data from MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Sun Country Airlines Trading Down 10.0 %

Shares of SNCY traded down $0.99 during mid-day trading on Friday, reaching $8.88. The stock had a trading volume of 2,514,158 shares, compared to its average volume of 765,390. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.88 and a 52-week high of $18.59. The firm has a market cap of $472.04 million, a price-to-earnings ratio of 9.35, a P/E/G ratio of 0.42 and a beta of 1.55. The business's fifty day moving average is $13.47 and its 200 day moving average is $14.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.92% and a return on equity of 10.23%. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same quarter last year, the firm earned $0.12 EPS. The business's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the sale, the vice president now directly owns 11,618 shares in the company, valued at $199,016.34. This trade represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jude Bricker sold 2,172 shares of the company's 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 owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,415 shares of company stock worth $3,139,352 over the last quarter. 4.60% of the stock is currently owned by company insiders.

About Sun Country Airlines

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.