Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by South Dakota Investment Council

South Dakota Investment Council grew its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 232.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 232,650 shares of the company’s stock after purchasing an additional 162,741 shares during the period. South Dakota Investment Council’s holdings in Sun Country Airlines were worth $3,392,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SNCY. Creative Planning boosted its holdings in shares of Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after buying an additional 4,954 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Sun Country Airlines by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 223,266 shares of the company’s stock valued at $2,503,000 after buying an additional 10,462 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares in the last quarter. Finally, VELA Investment Management LLC acquired a new position in shares of Sun Country Airlines in the 3rd quarter valued at $421,000.

Sun Country Airlines Trading Down 7.9 %

Shares of Sun Country Airlines stock opened at $16.73 on Monday. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59. 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 company has a market capitalization of $889.37 million, a P/E ratio of 17.61, a PEG ratio of 0.42 and a beta of 1.46. The company’s fifty day moving average is $16.07 and its two-hundred day moving average is $13.56.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.12 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the completion of the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $550,033. This trade represents a 64.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares of the company’s stock, valued at $202,914.39. This trade represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 242,279 shares of company stock worth $4,031,056. Company insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna raised their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays raised their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.29.

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.