South Dakota Investment Council Raises Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

South Dakota Investment Council boosted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 232.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,650 shares of the company’s stock after purchasing an additional 162,741 shares during the period. South Dakota Investment Council owned approximately 0.44% of Sun Country Airlines worth $3,392,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE raised its stake in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Sun Country Airlines during the fourth quarter worth about $154,000. Paloma Partners Management Co purchased a new position in Sun Country Airlines during the third quarter worth about $132,000. Finally, New York State Teachers Retirement System raised its stake 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 worth $207,000 after purchasing an additional 1,505 shares during the period.

Sun Country Airlines Price Performance

Shares of SNCY opened at $16.73 on Monday. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $18.59. The firm’s 50 day moving average price is $16.07 and its 200 day moving average price is $13.56. The company has a market cap of $889.37 million, a P/E ratio of 17.61, a PEG 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.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total transaction of $43,966.80. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at $513,901.80. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the transaction, the vice president now owns 12,999 shares of the company’s stock, valued at $202,914.39. This trade represents a 75.47 % 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNCY. Barclays boosted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Susquehanna boosted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Sun Country Airlines currently has an average 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.