Olympiad Research LP Buys New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Olympiad Research LP bought a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,541 shares of the company’s stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. New York State Teachers Retirement System lifted its stake 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 valued at $207,000 after purchasing an additional 1,505 shares during the last quarter. Creative Planning lifted its stake in Sun Country Airlines by 36.0% during the third quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after purchasing an additional 4,954 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sun Country Airlines by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 190,554 shares of the company’s stock valued at $2,778,000 after purchasing an additional 5,760 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after purchasing an additional 5,782 shares during the last quarter.

Insider Transactions at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the 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 transaction, the senior vice president now owns 30,142 shares in the company, valued at $448,512.96. This represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the 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 transaction, the vice president now owns 12,999 shares in the company, valued at approximately $202,914.39. This trade represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 242,279 shares of company stock worth $4,031,056 in the last 90 days. 4.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SNCY has been the subject of several research analyst reports. Barclays upped their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, 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 report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Stock Down 7.9 %

Sun Country Airlines stock opened at $16.73 on Friday. The firm has a market cap of $889.37 million, a PE ratio of 17.61, 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 quick ratio of 0.61 and a current ratio of 0.63. The firm’s 50 day moving average price is $16.07 and its two-hundred day moving average price is $13.54. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.