Primecap Management Co. CA lessened its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,015 shares of the company's stock after selling 61,800 shares during the period. Primecap Management Co. CA owned approximately 0.16% of Sun Country Airlines worth $1,210,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Paloma Partners Management Co purchased a new stake in shares of Sun Country Airlines in the 3rd quarter valued at $132,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at $154,000. Versor Investments LP purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at $185,000. Proficio Capital Partners LLC purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at $190,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock valued at $207,000 after acquiring an additional 1,505 shares during the last quarter.
Insider Transactions at Sun Country Airlines
In related news, VP John Gyurci sold 27,482 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the sale, the vice president now owns 11,618 shares of the company's stock, valued at approximately $198,551.62. This represents a 70.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Davis sold 59,389 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares of the company's stock, valued at approximately $550,033. This represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock valued at $3,380,795 over the last 90 days. Corporate insiders own 4.60% of the company's stock.
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Analyst Upgrades and Downgrades
SNCY has been the topic of a number of recent analyst reports. Susquehanna increased their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.29.
Check Out Our Latest Analysis on Sun Country Airlines
Sun Country Airlines Price Performance
NASDAQ:SNCY traded down $0.10 during trading hours on Friday, reaching $12.81. 2,273,754 shares of the company were exchanged, compared to its average volume of 700,504. The firm has a market cap of $680.95 million, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The stock's 50-day moving average is $15.82 and its 200-day moving average is $14.13. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 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.
Sun Country Airlines Company Profile
(Free Report)
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.
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