American Century Companies Inc. Acquires 292,275 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

American Century Companies Inc. boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,395,948 shares of the company’s stock after purchasing an additional 292,275 shares during the quarter. American Century Companies Inc. owned about 2.64% of Sun Country Airlines worth $20,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SNCY. Stoneridge Investment Partners LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter worth about $154,000. Paloma Partners Management Co bought a new stake in shares of Sun Country Airlines during the third quarter worth approximately $132,000. Versor Investments LP acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $185,000. Quantbot Technologies LP bought a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $186,000. Finally, Proficio Capital Partners LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at $190,000.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $12.87 on Monday. The company has a 50 day moving average of $15.57 and a 200-day moving average of $14.25. The company has a market cap of $684.14 million, a PE ratio of 13.55, 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. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SNCY shares. Susquehanna boosted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the firm’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 value of $102,780.00. Following the sale, the vice president now owns 11,618 shares in the company, valued at $199,016.34. This trade represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David M. Davis sold 59,389 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $550,033. The trade was a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,541 shares of company stock worth $3,380,795 over the last 90 days. Insiders own 4.60% of the company’s stock.

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.