Federated Hermes Inc. Increases Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Federated Hermes Inc. raised its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 23,606.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,680 shares of the company’s stock after purchasing an additional 51,462 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of Sun Country Airlines worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Sun Country Airlines by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock valued at $4,994,000 after buying an additional 8,062 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sun Country Airlines during the 4th quarter valued at $431,000. Assetmark Inc. lifted its position in shares of Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after acquiring an additional 929 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Sun Country Airlines in the fourth quarter worth $7,078,000. Finally, Par Capital Management Inc. grew its position in shares of Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter.

Wall Street Analysts Forecast Growth

SNCY has been the topic of a number of recent research reports. 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. Susquehanna lowered their price target 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. Finally, Morgan Stanley restated an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a research report on Thursday, June 20th.

Insiders Place Their Bets

In other news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of the company’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 value of $26,325.32. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The disclosure for this sale can be found here. Insiders sold a total of 18,076 shares of company stock valued at $220,391 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $11.38 on Monday. The firm has a market capitalization of $600.98 million, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.57 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a fifty day moving average of $11.09 and a 200 day moving average of $12.10. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) 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%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. On average, research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 EPS 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.