Charles Schwab Investment Management Inc. Raises Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Charles Schwab Investment Management Inc. boosted its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 356,033 shares of the company’s stock after purchasing an additional 1,932 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.67% of Sun Country Airlines worth $5,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. purchased a new stake in shares of Sun Country Airlines in the 3rd quarter worth approximately $387,000. Quest Partners LLC bought a new position in shares of Sun Country Airlines during the third quarter valued at $250,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sun Country Airlines in the 3rd quarter worth about $500,000. FMR LLC boosted its stake in Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Finally, PDT Partners LLC grew its position in Sun Country Airlines by 15.8% during the 3rd quarter. PDT Partners LLC now owns 144,626 shares of the company’s stock valued at $1,621,000 after purchasing an additional 19,750 shares during the last quarter.

Sun Country Airlines Trading Down 2.3 %

NASDAQ:SNCY opened at $13.56 on Wednesday. The company has a market cap of $720.82 million, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a 50 day simple moving average of $15.74 and a two-hundred day simple moving average of $14.21. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million during the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. Sun Country Airlines’s revenue was up 6.1% compared to the same quarter last year. Research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the completion of the sale, the vice president now directly owns 11,618 shares of the company’s stock, valued at approximately $199,016.34. This represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Grant Whitney sold 2,127 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $15.98, for a total transaction of $33,989.46. Following the completion of the transaction, the senior vice president now owns 20,367 shares in the company, valued at $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock valued at $3,380,795 in the last quarter. 4.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNCY has been the topic of several analyst reports. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price on the stock. 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.29.

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.