Versor Investments LP Invests $185,000 in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Versor Investments LP purchased a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,700 shares of the company’s stock, valued at approximately $185,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the period. FMR LLC increased its position in Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares during the last quarter. JPMorgan Chase & Co. increased its position in Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after buying an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after buying an additional 196,094 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Sun Country Airlines during the 3rd quarter valued at $500,000.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now directly owns 12,999 shares of the company’s stock, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,279 shares of company stock valued at $4,031,056 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $15.44 on Wednesday. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $820.76 million, a P/E ratio of 16.25, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a 50 day moving average of $16.24 and a 200 day moving average of $13.88.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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