LSV Asset Management Boosts Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

LSV Asset Management increased its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,378 shares of the company’s stock after buying an additional 124,478 shares during the period. LSV Asset Management’s holdings in Sun Country Airlines were worth $11,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SNCY. New York State Teachers Retirement System raised its position in Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock worth $207,000 after acquiring an additional 1,505 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company’s stock worth $5,191,000 after purchasing an additional 1,932 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Sun Country Airlines by 9.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company’s stock worth $711,000 after purchasing an additional 4,089 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sun Country Airlines by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 190,554 shares of the company’s stock valued at $2,778,000 after buying an additional 5,760 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Sun Country Airlines by 29.3% in the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock worth $269,000 after buying an additional 5,782 shares during the last quarter.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $545,516.60. This trade represents a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction 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 completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,327 shares of company stock worth $3,201,474 in the last 90 days. Insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

SNCY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price for the company. 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $10.35 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The stock’s fifty day moving average is $14.18 and its two-hundred day moving average is $14.18. The firm has a market capitalization of $550.19 million, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data 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 firm had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Sun Country Airlines’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share 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.