Sherbrooke Park Advisers LLC Invests $331,000 in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Sherbrooke Park Advisers LLC acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 22,725 shares of the company’s stock, valued at approximately $331,000.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $74,000. Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter worth approximately $102,000. Quarry LP increased its position in shares of Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock worth $115,000 after acquiring an additional 6,159 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter worth approximately $154,000.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company’s stock, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 5,662 shares of company stock valued at $68,045. Corporate insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SNCY shares. Susquehanna lifted their target price on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Barclays dropped their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen lifted their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.43.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $12.10 on Monday. The company’s 50 day moving average price is $11.25 and its 200 day moving average price is $14.02. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The company has a market capitalization of $643.82 million, a PE ratio of 12.74, a PEG ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.