DekaBank Deutsche Girozentrale acquired a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,451 shares of the company’s stock valued at approximately $66,000.
Other hedge funds have also made changes to their holdings in the company. Illinois Municipal Retirement Fund increased its holdings in Sun Country Airlines by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after buying an additional 776 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after buying an additional 929 shares in the last quarter. American International Group Inc. increased its holdings in shares of Sun Country Airlines by 11.4% in the 1st quarter. American International Group Inc. now owns 22,927 shares of the company’s stock valued at $346,000 after buying an additional 2,347 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Sun Country Airlines by 15.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,414 shares of the company’s stock valued at $309,000 after acquiring an additional 2,803 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Sun Country Airlines by 310.0% in the 1st quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after acquiring an additional 7,819 shares in the last quarter.
Insider transactions at Sun Country Airlines
In related news, Senior Vice President Grant Whitney sold 5,000 shares of Sun Country Airlines on Monday, July 1. The shares were sold at an average price of $12.42, for a total value of $62,100.00. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $327,329.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, CEO Jude Bricker sold 2,086 shares of the company’s stock on Tuesday, July 2. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the sale, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Monday, July 1. The shares were sold at an average price of $12.42, for a total transaction of $62,100.00. Following the completion of the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The disclosure of this sale can be found here. During the last quarter, insiders sold 20,964 shares of the company’s stock, valued at $249,375. 3.50% of the shares are currently owned by company insiders.
Wall Street analysts comment
SNCY has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research report on Thursday, June 20. TD Cowen increased their price target on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 25. Two analysts have rated the stock with a hold rating and four have given a buy rating. The stock currently has a consensus rating of “moderate buy” and an average price target of $19.67, according to MarketBeat.com.
Check out our latest report on SNCY
Price development at Sun Country Airlines
Sun Country Airlines stock opened at $10.35 on Friday. The company’s 50-day moving average is $11.66 and its 200-day moving average is $13.04. The company has a debt-to-equity ratio of 1.08, a cash-to-equity ratio of 2nd degree of 0.59, and a cash-to-equity ratio of 0.61. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $17.56. The company has a market cap of $544.52 million, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.49, and a beta of 1.57.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Sun Country Airlines had a return on equity of 10.44% and a net margin of 4.75%. The company posted revenue of $254.40 million during the quarter, compared to analyst expectations of $255.59 million. During the same period last year, the company posted earnings per share of $0.40. The company’s revenue declined 2.6% compared to the same quarter last year. As a group, equities analysts expect Sun Country Airlines Holdings, Inc. to post earnings per share of $0.97 for the current year.
About Sun Country Airlines
(Free report)
Sun Country Airlines Holdings, Inc. is an aviation company that provides scheduled airline services, air cargo, charter services and related services in the United States, Latin America and internationally. The Company operates in two segments: Passenger and Cargo Services. The Company also provides crew, maintenance and insurance services through ad hoc, repeat, short-term and long-term service agreements, as well as loyalty program rewards programs.
Selected articles
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