Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC lifted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 175.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,584 shares of the company’s stock after purchasing an additional 66,005 shares during the period. VELA Investment Management LLC owned 0.20% of Sun Country Airlines worth $1,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Sun Country Airlines by 76.9% during the 3rd 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 last quarter. US Bancorp DE raised its position in shares of Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Sun Country Airlines during the 4th quarter valued at approximately $154,000. Paloma Partners Management Co purchased a new stake in shares of Sun Country Airlines during the 3rd quarter valued at approximately $132,000. Finally, Versor Investments LP purchased a new stake in shares of Sun Country Airlines during the 4th quarter valued at approximately $185,000.

Sun Country Airlines Stock Down 3.9 %

Shares of NASDAQ SNCY opened at $15.84 on Friday. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59. The business’s 50 day moving average is $16.20 and its two-hundred day moving average is $13.69. 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 $842.02 million, a price-to-earnings ratio of 16.67, a PEG ratio of 0.42 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data 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. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. 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 company earned $0.12 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. assumed 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 on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays lifted 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 report on Thursday, November 14th. Finally, Susquehanna lifted 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 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $550,033. This represents a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 40,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now directly owns 12,999 shares in the company, valued at $202,914.39. This represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,279 shares of company stock valued at $4,031,056. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Company 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.