Price T Rowe Associates Inc. MD increased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,414 shares of the company’s stock after purchasing an additional 2,803 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Sun Country Airlines were worth $309,000 at the end of the most recent quarter.
Other institutional investors have also recently changed their holdings in the company. Assetmark Inc. increased its holdings in shares of Sun Country Airlines by 39.0% in the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after buying an additional 929 shares during the same period. Lazard Asset Management LLC increased its holdings in shares of Sun Country Airlines by 310.0% in the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after buying an additional 7,819 shares during the same period. Quantbot Technologies LP acquired a new position in shares of Sun Country Airlines in the first quarter valued at $251,000. Louisiana State Employees Retirement System acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at $307,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Sun Country Airlines in the first quarter valued at $299,000.
Price development at Sun Country Airlines
NASDAQ SNCY shares opened at $9.67 on Friday. The company has a debt-to-equity ratio of 1.01, a current debt ratio of 0.56 and a current liability ratio of 0.58. The company has a market cap of $510.67 million, a P/E ratio of 7.93, a PEG ratio of 0.53 and a beta of 1.57. The company has a 50-day moving average of $11.56 and a 200-day moving average of $12.89. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $17.56.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The company reported earnings per share of $0.06 for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $254.40 million for the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The company’s quarterly revenue decreased by 2.6% year-over-year. During the same quarter last year, the company generated earnings per share of $0.40. As a group, equities analysts expect that Sun Country Airlines Holdings, Inc. will report earnings per share of $0.84 for the current fiscal year.
Insiders place their bets
In other Sun Country Airlines news, Senior Vice President Grant Whitney sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 filing with the SEC, which is available through this hyperlink. In related news, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Monday, July 1. The shares were sold at an average price of $12.42, for a total value of $62,100.00. Following the sale, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The disclosure of this sale can be found here. In the last 90 days, 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.
Analysts set new price targets
Several research firms have issued reports on SNCY. Morgan Stanley reiterated an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen increased their price target on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating. The stock currently has a consensus rating of “moderate buy” and a consensus price target of $19.67, according to data from MarketBeat.
Check out our latest Sun Country Airlines stock report
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.
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