LSV Asset Management Raises Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

LSV Asset Management raised its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 787,378 shares of the company’s stock after purchasing an additional 124,478 shares during the period. LSV Asset Management owned 1.49% of Sun Country Airlines worth $11,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNCY. Stoneridge Investment Partners LLC bought a new stake in shares of Sun Country Airlines in the 4th quarter valued at about $154,000. CIBC Private Wealth Group LLC acquired a new stake in Sun Country Airlines in the fourth quarter valued at approximately $163,000. Versor Investments LP purchased a new position in Sun Country Airlines in the fourth quarter worth $185,000. Quantbot Technologies LP acquired a new position in shares of Sun Country Airlines during the fourth quarter worth $186,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Sun Country Airlines in the 4th quarter worth $190,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Barclays decreased their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna lowered their target price on shares of Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average target price of $17.71.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jude Bricker sold 2,172 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,327 shares of company stock worth $3,201,474 over the last three months. Company insiders own 4.60% of the company’s stock.

Sun Country Airlines Trading Down 0.4 %

Shares of NASDAQ:SNCY opened at $10.35 on Friday. The business has a 50-day moving average price of $14.18 and a 200-day moving average price of $14.18. The stock has a market cap of $550.19 million, a price-to-earnings ratio of 10.89, a PEG ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59. 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 quarterly earnings data 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 analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.