JPMorgan Chase & Co. Acquires 224,774 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

JPMorgan Chase & Co. lifted its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 695.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,101 shares of the company’s stock after acquiring an additional 224,774 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of Sun Country Airlines worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Sun Country Airlines by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after buying an additional 1,087 shares during the period. Public Sector Pension Investment Board raised its stake in Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock worth $1,047,000 after buying an additional 2,512 shares in the last quarter. Creative Planning lifted its holdings in Sun Country Airlines by 36.0% in the third quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after buying an additional 4,954 shares during the period. Finally, Franklin Resources Inc. boosted its position in Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 shares in the last quarter.

Insider Buying and Selling

In other news, CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Grant Whitney sold 3,912 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $15.88, for a total transaction of $62,122.56. Following the transaction, the senior vice president now owns 16,455 shares in the company, valued at $261,305.40. The trade was a 19.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,458 shares of company stock worth $1,568,660. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SNCY shares. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna upped their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays lifted their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.67.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock opened at $16.18 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $16.46. The stock has a 50 day moving average of $14.90 and a 200 day moving average of $12.73. The firm has a market cap of $856.57 million, a PE ratio of 19.98, a PEG ratio of 0.36 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

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.