Vanguard Group Inc. lowered its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,600,177 shares of the company's stock after selling 28,023 shares during the quarter. Vanguard Group Inc. owned approximately 8.69% of Sun Country Airlines worth $67,071,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at $846,000. Fox Run Management L.L.C. purchased a new position in shares of Sun Country Airlines in the fourth quarter worth about $409,000. American Century Companies Inc. boosted its position in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after acquiring an additional 292,275 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Sun Country Airlines during 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 valued at about $190,000.
Insider Buying and Selling at Sun Country Airlines
In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David M. Davis sold 59,380 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total value of $1,004,115.80. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $545,516.60. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,415 shares of company stock valued at $3,139,352 in the last 90 days. Company insiders own 4.60% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Barclays dropped their price target 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. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price objective on the stock. Finally, Susquehanna cut their target price on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.
Get Our Latest Analysis on Sun Country Airlines
Sun Country Airlines Trading Up 4.9 %
NASDAQ:SNCY traded up $0.47 during trading hours on Tuesday, reaching $10.15. 527,139 shares of the stock were exchanged, compared to its average volume of 885,771. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $14.06 and a two-hundred day moving average of $14.20. The company has a market capitalization of $539.55 million, a price-to-earnings ratio of 10.68, a PEG ratio of 0.42 and a beta of 1.55.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The company had revenue of $260.40 million during the quarter, compared to analysts' expectations of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.
Sun Country Airlines Profile
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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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