Charles Schwab Investment Management Inc. Acquires 8,062 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Charles Schwab Investment Management Inc. grew its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYFree Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 317,460 shares of the company’s stock after purchasing an additional 8,062 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of Sun Country Airlines worth $4,994,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Sun Country Airlines by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Sun Country Airlines by 3.1% in the 3rd quarter. Rhumbline Advisers now owns 117,918 shares of the company’s stock valued at $1,750,000 after purchasing an additional 3,593 shares in the last quarter. Boston Partners raised its stake in shares of Sun Country Airlines by 95.7% during the 3rd quarter. Boston Partners now owns 109,038 shares of the company’s stock worth $1,618,000 after acquiring an additional 53,320 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Sun Country Airlines by 70.3% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 35,289 shares of the company’s stock worth $524,000 after acquiring an additional 14,568 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Sun Country Airlines by 6.4% during the 3rd quarter. Texas Permanent School Fund Corp now owns 33,951 shares of the company’s stock worth $504,000 after acquiring an additional 2,032 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley upgraded shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Monday, February 26th. Barclays boosted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, TD Cowen reduced their price objective on shares of Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $19.17.

Read Our Latest Analysis on Sun Country Airlines

Sun Country Airlines Stock Up 1.0 %

NASDAQ:SNCY opened at $10.70 on Tuesday. The company has a market cap of $562.94 million, a PE ratio of 8.77, a P/E/G ratio of 0.49 and a beta of 1.63. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $23.80. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08. The company’s 50 day moving average is $12.93 and its two-hundred day moving average is $14.19.

Sun Country Airlines (NASDAQ:SNCYGet Free Report) last released its earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million for the quarter, compared to analysts’ expectations of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.18 EPS for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 5,073 shares of company stock valued at $72,944 in the last ninety days. Insiders own 3.50% of the company’s stock.

About Sun Country Airlines

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sun Country Airlines (NASDAQ:SNCY)

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