LSV Asset Management Grows Position in Sun Country Airlines Holdings, Inc. $SNCY

LSV Asset Management increased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,160,178 shares of the company’s stock after purchasing an additional 36,100 shares during the period. LSV Asset Management’s holdings in Sun Country Airlines were worth $13,702,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Apollo Management Holdings L.P. purchased a new position in Sun Country Airlines in the second quarter worth about $6,821,000. Jefferies Financial Group Inc. bought a new position in shares of Sun Country Airlines in the 2nd quarter worth approximately $776,000. Exchange Traded Concepts LLC purchased a new position in shares of Sun Country Airlines in the third quarter worth approximately $1,098,000. Y Intercept Hong Kong Ltd bought a new stake in Sun Country Airlines during the third quarter valued at approximately $858,000. Finally, Prospera Financial Services Inc bought a new stake in Sun Country Airlines during the second quarter valued at approximately $345,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNCY. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a report on Tuesday. Cantor Fitzgerald set a $21.00 price target on Sun Country Airlines in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.75.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Stephen Andrew Coley sold 2,052 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares in the company, valued at $679,653.60. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Erin Rose Neale sold 2,257 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the sale, the senior vice president directly owned 38,931 shares of the company’s stock, valued at approximately $682,460.43. This trade represents a 5.48% 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 have sold 21,378 shares of company stock valued at $343,249. Corporate insiders own 5.00% of the company’s stock.

Sun Country Airlines Trading Up 1.7%

Shares of Sun Country Airlines stock opened at $21.19 on Friday. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market capitalization of $1.12 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.49 and a beta of 1.58. The company has a fifty day moving average of $16.68 and a 200 day moving average of $13.78.

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

About Sun Country Airlines

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.