Assenagon Asset Management S.A. Acquires 196,094 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Assenagon Asset Management S.A. boosted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 87.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,360 shares of the company’s stock after purchasing an additional 196,094 shares during the quarter. Assenagon Asset Management S.A. owned about 0.79% of Sun Country Airlines worth $6,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. US Bancorp DE increased its position in Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after acquiring an additional 8,186 shares during the period. Paloma Partners Management Co acquired a new position in Sun Country Airlines in the 3rd quarter valued at approximately $132,000. SG Americas Securities LLC acquired a new position in shares of Sun Country Airlines during the third quarter worth $159,000. Finally, The Manufacturers Life Insurance Company lifted its holdings 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 worth $188,000 after purchasing an additional 1,087 shares during the period.

Analyst Ratings Changes

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

Sun Country Airlines Trading Up 1.3 %

Shares of Sun Country Airlines stock opened at $16.18 on Monday. The firm has a market cap of $856.57 million, a PE ratio of 19.98, a P/E/G ratio of 0.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.46. The stock has a fifty day moving average price of $14.90 and a 200-day moving average price of $12.73.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data 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 return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current year.

Insider Activity

In related news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of the transaction, the senior vice president now owns 30,142 shares in the company, valued at $448,512.96. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,458 shares of company stock worth $1,568,660 over the last ninety days. Company insiders own 4.60% of the company’s stock.

Sun Country Airlines Company 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.