Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 246.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,709 shares of the company's stock after buying an additional 85,201 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of Sun Country Airlines worth $1,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNCY. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines during the 4th quarter valued at about $30,841,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines in the third quarter valued at approximately $2,980,000. JPMorgan Chase & Co. increased its position in shares of Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after buying an additional 224,774 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after buying an additional 196,094 shares during the period. Finally, South Dakota Investment Council lifted its position in shares of Sun Country Airlines by 232.8% during the 4th quarter. South Dakota Investment Council now owns 232,650 shares of the company's stock valued at $3,392,000 after buying an additional 162,741 shares in the last quarter.

Insiders Place Their Bets

In related news, SVP Grant Whitney sold 2,127 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.98, for a total value of $33,989.46. Following the completion of the sale, the senior vice president now owns 20,367 shares of the company's stock, valued at approximately $325,464.66. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock valued at $3,380,795 in the last three months. 4.60% of the stock is currently owned by insiders.

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Sun Country Airlines Price Performance

SNCY traded down $0.14 on Friday, reaching $12.78. 579,626 shares of the company's stock were exchanged, compared to its average volume of 704,086. The stock has a market cap of $679.09 million, a PE ratio of 13.45, a P/E/G ratio of 0.42 and a beta of 1.46. 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 Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59. The stock's fifty day moving average price is $15.89 and its 200-day moving average price is $14.11.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average price target of $19.29.

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.