Royce & Associates LP Reduces Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Royce & Associates LP decreased its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,570 shares of the company's stock after selling 88,126 shares during the period. Royce & Associates LP owned approximately 0.37% of Sun Country Airlines worth $2,181,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company's stock worth $188,000 after purchasing an additional 1,087 shares during the last quarter. American International Group Inc. lifted its stake in Sun Country Airlines by 11.4% in the first quarter. American International Group Inc. now owns 22,927 shares of the company's stock worth $346,000 after purchasing an additional 2,347 shares during the last quarter. CWM LLC lifted its stake in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company's stock worth $33,000 after purchasing an additional 2,508 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company's stock worth $1,047,000 after purchasing an additional 2,512 shares during the last quarter.

Analysts Set New Price Targets

SNCY has been the subject of several research analyst reports. Barclays lifted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Wolfe Research raised shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $18.33.

Sun Country Airlines Stock Performance

NASDAQ:SNCY remained flat at $13.62 during trading hours on Wednesday. 216,263 shares of the company were exchanged, compared to its average volume of 669,299. The stock has a market cap of $721.04 million, a P/E ratio of 16.81, a P/E/G ratio of 0.68 and a beta of 1.48. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $17.56. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $12.32 and a 200 day simple moving average of $11.57.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,720 shares of company stock valued at $694,763. 4.60% of the stock is currently owned by insiders.

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.