LSV Asset Management Acquires 36,100 Shares of Sun Country Airlines Holdings, Inc. $SNCY

LSV Asset Management grew its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,160,178 shares of the company’s stock after purchasing an additional 36,100 shares during the quarter. LSV Asset Management owned about 2.20% of Sun Country Airlines worth $13,702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNCY. Frontier Capital Management Co. LLC raised its stake in shares of Sun Country Airlines by 53.3% in the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after acquiring an additional 1,228,721 shares during the last quarter. Ameriprise Financial Inc. raised its position in Sun Country Airlines by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,178,770 shares of the company’s stock worth $37,351,000 after purchasing an additional 43,197 shares during the last quarter. American Century Companies Inc. lifted its holdings in Sun Country Airlines by 9.3% during the 2nd quarter. American Century Companies Inc. now owns 1,838,342 shares of the company’s stock worth $21,601,000 after buying an additional 156,522 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Sun Country Airlines by 35.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,249,524 shares of the company’s stock worth $14,682,000 after buying an additional 327,396 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Sun Country Airlines by 91.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after buying an additional 580,062 shares during the last quarter.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 5,514 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the sale, the chief executive officer owned 173,044 shares in the company, valued at approximately $2,590,468.68. The trade was a 3.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at $679,653.60. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 21,378 shares of company stock worth $343,249. 5.00% of the stock is currently owned by corporate insiders.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $21.19 on Friday. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $22.29. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.49 and a beta of 1.58. The business has a 50-day simple moving average of $16.68 and a 200 day simple moving average of $13.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.73.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.Sun Country Airlines’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on SNCY shares. Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 price target (down previously from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the company from $12.00 to $20.00 in a research report on Friday, January 9th. TD Cowen reiterated a “hold” rating on shares of Sun Country Airlines in a research note on Tuesday. Finally, Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.75.

Sun Country Airlines 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.