Los Angeles Capital Management LLC Purchases 116,643 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Los Angeles Capital Management LLC lifted its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 119.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,637 shares of the company’s stock after acquiring an additional 116,643 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sun Country Airlines were worth $3,129,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Sun Country Airlines by 76.9% in the 3rd 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 in the last quarter. New York State Teachers Retirement System increased its holdings 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 buying an additional 1,505 shares during the period. Creative Planning raised its stake in Sun Country Airlines by 36.0% in the third quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after buying an additional 4,954 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 worth $2,778,000 after buying an additional 5,760 shares during the period. Finally, Franklin Resources Inc. boosted its position in Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 shares in the last quarter.

Insider Activity at Sun Country Airlines

In other news, CFO David M. Davis sold 2,760 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $513,901.80. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 6,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the sale, the vice president now owns 11,618 shares in the company, valued at $199,016.34. The trade was a 34.06 % 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 valued at $4,031,056 in the last ninety days. Company insiders own 4.60% of the company’s stock.

Sun Country Airlines Stock Performance

SNCY opened at $15.84 on Friday. The company has a market cap of $842.02 million, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $16.20 and its 200-day moving average price is $13.69. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59.

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

Analysts Set New Price Targets

Several research firms have recently commented on SNCY. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target for the company. Barclays raised their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna increased their target price 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 issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

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.