Victory Capital Management Inc. Buys 85,201 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Victory Capital Management Inc. raised its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 246.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,709 shares of the company’s stock after acquiring an additional 85,201 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of Sun Country Airlines worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Sun Country Airlines by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 213,445 shares of the company’s stock worth $2,393,000 after purchasing an additional 10,854 shares during the period. Quest Partners LLC bought a new position in shares of Sun Country Airlines during the third quarter valued at approximately $250,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Sun Country Airlines by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock worth $3,969,000 after buying an additional 8,855 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sun Country Airlines during the 3rd quarter worth approximately $500,000. Finally, FMR LLC lifted its stake in shares of Sun Country Airlines by 19.0% during the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after acquiring an additional 114,687 shares during the last quarter.

Sun Country Airlines Price Performance

SNCY opened at $13.53 on Tuesday. 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 business’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $14.12. The company has a market capitalization of $719.23 million, a price-to-earnings ratio of 14.24, a PEG ratio of 0.42 and a beta of 1.46. 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 posted its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business 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 firm posted $0.12 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP John Gyurci sold 6,000 shares of the firm’s stock in a transaction dated 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 directly owns 11,618 shares in the company, valued at approximately $199,016.34. This trade represents a 34.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $15.93, for a total transaction of $43,966.80. Following the transaction, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $513,901.80. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,541 shares of company stock valued at $3,380,795 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SNCY shares. JPMorgan Chase & Co. began coverage on 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 lifted their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.