Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by VELA Investment Management LLC

VELA Investment Management LLC raised its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 175.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,584 shares of the company’s stock after acquiring an additional 66,005 shares during the period. VELA Investment Management LLC’s holdings in Sun Country Airlines were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake 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 valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE boosted its stake in Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after acquiring an additional 8,186 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Sun Country Airlines during the third quarter worth about $132,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth about $154,000. Finally, Versor Investments LP acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth about $185,000.

Insider Activity

In other news, VP John Gyurci sold 40,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now directly owns 12,999 shares in the company, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares in the company, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,279 shares of company stock worth $4,031,056 over the last ninety days. 4.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNCY has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. 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. Susquehanna increased their target price 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. Finally, Barclays increased their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average target price of $19.29.

Sun Country Airlines Trading Down 3.9 %

NASDAQ SNCY opened at $15.84 on Friday. The stock has a market capitalization of $842.02 million, a P/E ratio of 16.67, a P/E/G ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59. The firm has a 50-day moving average price of $16.20 and a 200 day moving average price of $13.69. 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) last issued its 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 net margin of 4.92% and a return on equity of 10.23%. The company had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same period last year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.