Royce & Associates LP Sells 172,526 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

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

A number of other hedge funds have also recently modified their holdings of SNCY. Victory Capital Management Inc. bought a new position in shares of Sun Country Airlines during the third quarter valued at approximately $387,000. Quest Partners LLC bought a new position in shares of Sun Country Airlines during the third quarter valued at approximately $250,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sun Country Airlines by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock valued at $3,969,000 after buying an additional 8,855 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sun Country Airlines in the third quarter worth approximately $500,000. Finally, FMR LLC grew its stake in Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Sun Country Airlines Stock Down 0.8 %

Sun Country Airlines stock opened at $12.81 on Friday. The business has a fifty day moving average of $15.82 and a two-hundred day moving average of $14.13. 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 has a market cap of $680.95 million, a P/E 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.

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

Insider Activity

In other news, VP John Gyurci sold 1,593 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $17.00, for a total transaction of $27,081.00. Following the completion of the sale, the vice president now owns 11,618 shares in the company, valued at approximately $197,506. This represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Grant Whitney sold 2,127 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.98, for a total value of $33,989.46. Following the sale, the senior vice president now owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,541 shares of company stock worth $3,380,795. Insiders own 4.60% of the company’s stock.

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.