Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Boston Partners

Boston Partners lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 73,795 shares of the company’s stock after selling 29,787 shares during the quarter. Boston Partners’ holdings in Sun Country Airlines were worth $1,076,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SNCY. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines in the 4th quarter worth approximately $30,841,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines in the third quarter worth approximately $2,980,000. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 224,774 shares in the last quarter. Assenagon Asset Management S.A. increased 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 purchasing an additional 196,094 shares during the period. Finally, South Dakota Investment Council raised its stake in shares of Sun Country Airlines by 232.8% in the 4th quarter. South Dakota Investment Council now owns 232,650 shares of the company’s stock worth $3,392,000 after buying an additional 162,741 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SNCY shares. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price for the company. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $12.81 on Friday. The company has a market capitalization of $680.95 million, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The stock has a fifty day moving average of $15.82 and a 200-day moving average of $14.15. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the completion of the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $550,033. This represents a 64.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction that occurred 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 transaction, the vice president now owns 11,618 shares in the company, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is currently owned by corporate insiders.

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.