Meeder Asset Management Inc. Acquires New Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Meeder Asset Management Inc. bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,883 shares of the company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Par Capital Management Inc. increased its stake in shares of Sun Country Airlines by 95.7% during the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in Sun Country Airlines during the fourth quarter worth $7,078,000. LSV Asset Management raised its holdings in shares of Sun Country Airlines by 159.9% in the second quarter. LSV Asset Management now owns 656,088 shares of the company’s stock worth $8,240,000 after acquiring an additional 403,630 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after acquiring an additional 257,418 shares in the last quarter. Finally, Privium Fund Management UK Ltd boosted its stake in shares of Sun Country Airlines by 634.8% during the second quarter. Privium Fund Management UK Ltd now owns 171,130 shares of the company’s stock valued at $2,153,000 after acquiring an additional 147,842 shares during the last quarter.

Insider Buying and Selling

In other news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,076 shares of company stock valued at $220,391. 3.50% of the stock is currently owned by company insiders.

Sun Country Airlines Stock Down 1.8 %

SNCY opened at $10.97 on Friday. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.56. The business has a 50-day moving average of $11.21 and a two-hundred day moving average of $12.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market capitalization of $579.33 million, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $254.40 million during the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. Sun Country Airlines’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Susquehanna cut their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research report on Thursday, June 20th.

About Sun Country Airlines

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.