Sun Country Airlines Holdings, Inc. $SNCY Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA grew its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 74.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,115 shares of the company’s stock after purchasing an additional 61,100 shares during the quarter. Primecap Management Co. CA owned approximately 0.27% of Sun Country Airlines worth $1,690,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. TD Cowen reaffirmed a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Finally, Citigroup lifted their target price on shares of Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.75.

Sun Country Airlines Trading Down 3.5%

SNCY opened at $19.68 on Friday. The firm’s 50 day moving average is $17.82 and its 200-day moving average is $14.43. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $22.29. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.05 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.47 and a beta of 1.58.

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

Insider Activity

In other news, 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 sale, the senior vice president directly owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Erin Rose Neale sold 2,257 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president directly owned 38,931 shares of the company’s stock, valued at $682,460.43. This represents a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,378 shares of company stock worth $343,249 over the last ninety days. Corporate insiders own 5.00% of the company’s stock.

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.