Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 88.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,044 shares of the company’s stock after selling 172,526 shares during the period. Royce & Associates LP’s holdings in Sun Country Airlines were worth $321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNCY. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines during the 4th quarter worth about $30,841,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines during the 3rd quarter worth about $2,980,000. JPMorgan Chase & Co. grew its position in shares of Sun Country Airlines by 695.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock valued at $2,882,000 after acquiring an additional 224,774 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after acquiring an additional 196,094 shares during the period. Finally, South Dakota Investment Council grew its position in shares of Sun Country Airlines by 232.8% during the 4th quarter. South Dakota Investment Council now owns 232,650 shares of the company’s stock valued at $3,392,000 after acquiring an additional 162,741 shares during the period.

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of analyst reports. Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Trading Down 0.8 %

Shares of Sun Country Airlines stock opened at $12.81 on Friday. The firm has a market capitalization of $680.95 million, a PE ratio of 13.48, a P/E/G ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59. The firm’s 50-day moving average price is $15.82 and its 200 day moving average price is $14.13. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Sun Country Airlines’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS. On average, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Grant Whitney sold 3,912 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $15.88, for a total transaction of $62,122.56. Following the completion of the transaction, the senior vice president now directly owns 16,455 shares in the company, valued at $261,305.40. This trade represents a 19.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,541 shares of company stock valued at $3,380,795 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

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.