Jennison Associates LLC Cuts Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Jennison Associates LLC trimmed its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,571,981 shares of the company’s stock after selling 309,145 shares during the period. Jennison Associates LLC’s holdings in Sun Country Airlines were worth $24,727,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Sun Country Airlines by 3.7% during the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock worth $62,468,000 after buying an additional 150,735 shares during the period. Boston Partners increased its stake in shares of Sun Country Airlines by 95.7% during the third quarter. Boston Partners now owns 109,038 shares of the company’s stock worth $1,618,000 after buying an additional 53,320 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Sun Country Airlines by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 313,627 shares of the company’s stock worth $4,654,000 after buying an additional 3,748 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Sun Country Airlines by 4.4% during the third quarter. State of Alaska Department of Revenue now owns 25,108 shares of the company’s stock worth $372,000 after buying an additional 1,052 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Sun Country Airlines during the third quarter worth approximately $247,000.

Sun Country Airlines Price Performance

SNCY stock opened at $14.29 on Thursday. The company has a market capitalization of $761.51 million, a P/E ratio of 11.71, a PEG ratio of 0.50 and a beta of 1.62. Sun Country Airlines Holdings, Inc. has a twelve month low of $11.96 and a twelve month high of $23.80. The business has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $14.59. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The business had revenue of $245.54 million during the quarter, compared to analysts’ expectations of $248.82 million. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

SNCY has been the subject of a number of research analyst reports. Barclays upped their price target on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Susquehanna reaffirmed a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Finally, Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the transaction, the chief executive officer now owns 124,991 shares in the company, valued at $1,793,620.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 5,073 shares of company stock worth $72,944. 3.50% of the stock is owned by corporate insiders.

Sun Country Airlines Company 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.