SG Americas Securities LLC Takes Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

SG Americas Securities LLC acquired a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,154 shares of the company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Sun Country Airlines by 199.6% during the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock worth $1,495,000 after purchasing an additional 65,991 shares during the last quarter. LSV Asset Management raised its stake in shares of Sun Country Airlines by 32.2% during the first quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after acquiring an additional 61,558 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Sun Country Airlines during the first quarter worth $251,000. Empowered Funds LLC grew its stake in shares of Sun Country Airlines by 111.5% in the first quarter. Empowered Funds LLC now owns 188,011 shares of the company’s stock worth $2,837,000 after purchasing an additional 99,097 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in Sun Country Airlines by 5.2% in the first quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock valued at $345,000 after purchasing an additional 1,130 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNCY. Susquehanna cut their target price on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $12.33 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $10.85 and its two-hundred day simple moving average is $11.59. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.56. The stock has a market capitalization of $651.15 million, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $254.40 million for the quarter, compared to analyst estimates of $255.59 million. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 0.86 EPS for the current year.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the business’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 transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction 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 directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the transaction, the senior vice president now directly owns 25,068 shares in the company, valued at $302,320.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,788 shares of company stock valued at $146,152 in the last quarter. 4.60% of the stock is currently owned by company insiders.

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.