Vanguard Group Inc. Lowers Holdings in Sun Country Airlines Holdings, Inc. $SNCY

Vanguard Group Inc. decreased its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,565,031 shares of the company’s stock after selling 252,711 shares during the quarter. Vanguard Group Inc. owned approximately 8.66% of Sun Country Airlines worth $65,691,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after buying an additional 2,040 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the second quarter worth about $59,000. Tower Research Capital LLC TRC boosted its stake in shares of Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after buying an additional 3,415 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Sun Country Airlines in the first quarter worth about $88,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Sun Country Airlines by 33.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,014 shares of the company’s stock worth $142,000 after buying an additional 3,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNCY. Zacks Research downgraded Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Wolfe Research downgraded Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Citigroup increased their price target on Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. Weiss Ratings downgraded Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Finally, TD Cowen downgraded Sun Country Airlines from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.57.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $16.17 on Friday. The company has a market capitalization of $876.41 million, a P/E ratio of 22.15, a P/E/G ratio of 0.74 and a beta of 1.40. The business’s 50 day moving average is $16.69 and its two-hundred day moving average is $16.10. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.65. Sun Country Airlines Holdings, Inc. has a 12-month low of $10.14 and a 12-month high of $22.29.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.