Arrowstreet Capital Limited Partnership Boosts Stake in Sun Country Airlines Holdings, Inc. $SNCY

Arrowstreet Capital Limited Partnership raised its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 91.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,217,131 shares of the company’s stock after buying an additional 580,062 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Sun Country Airlines were worth $14,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Sun Country Airlines by 1,556.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after acquiring an additional 4,219 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock worth $56,000 after purchasing an additional 3,955 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Sun Country Airlines by 40.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after buying an additional 1,504 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines in the first quarter valued at approximately $88,000. Finally, EMC Capital Management purchased a new position in shares of Sun Country Airlines during the second quarter valued at approximately $103,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen lifted their target price on shares of Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on Sun Country Airlines from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Evercore ISI upped their price objective on shares of Sun Country Airlines from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Citigroup initiated coverage on shares of Sun Country Airlines in a report on Thursday. They set a “neutral” rating and a $15.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.88.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $14.18 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $18.59. The firm has a market capitalization of $747.57 million, a P/E ratio of 13.50, a P/E/G ratio of 0.51 and a beta of 1.58. The business’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $12.13.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. The business had revenue of $127.61 million during the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. Equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,139 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the transaction, the chief executive officer directly owned 123,347 shares of the company’s stock, valued at $1,441,926.43. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total value of $65,900.00. Following the transaction, the vice president owned 25,109 shares in the company, valued at approximately $330,936.62. This represents a 16.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,772 shares of company stock worth $111,408. Insiders own 4.60% of the company’s stock.

Sun Country Airlines 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.