Primecap Management Co. CA Has $1.97 Million Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Primecap Management Co. CA lifted its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 60.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,115 shares of the company’s stock after purchasing an additional 59,310 shares during the quarter. Primecap Management Co. CA owned about 0.30% of Sun Country Airlines worth $1,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SNCY. CWM LLC lifted its stake in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares in the last quarter. Innealta Capital LLC bought a new stake in Sun Country Airlines in the 2nd quarter valued at $40,000. Assetmark Inc. boosted its stake in Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Sun Country Airlines during the 1st quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Sun Country Airlines in the 2nd quarter valued at about $80,000.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total transaction of $26,325.32. Following the sale, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the transaction, the chief executive officer now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,076 shares of company stock valued at $220,391. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SNCY shares. TD Cowen increased their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, Susquehanna lowered their price objective on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, August 16th.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY opened at $11.32 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The business has a 50-day moving average of $11.13 and a 200-day moving average of $12.15. The stock has a market capitalization of $595.56 million, a price-to-earnings ratio of 9.28, a PEG ratio of 0.60 and a beta of 1.54. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $254.40 million during the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

About Sun Country Airlines

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.