Geode Capital Management LLC Buys 16,027 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Geode Capital Management LLC lifted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 916,393 shares of the company’s stock after buying an additional 16,027 shares during the quarter. Geode Capital Management LLC owned approximately 1.73% of Sun Country Airlines worth $13,364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Stoneridge Investment Partners LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at about $154,000. CIBC Private Wealth Group LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $163,000. Versor Investments LP purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at $185,000. Quantbot Technologies LP purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $186,000. Finally, Proficio Capital Partners LLC bought a new position in Sun Country Airlines in the fourth quarter worth approximately $190,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays cut their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock. Finally, Susquehanna lowered their price target on Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.71.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,035 shares of company stock worth $2,135,236. Corporate insiders own 4.60% of the company’s stock.

Sun Country Airlines Stock Down 7.5 %

SNCY stock opened at $8.21 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The firm’s fifty day moving average is $13.30 and its 200 day moving average is $14.15. The firm has a market cap of $436.43 million, a PE ratio of 8.64, a P/E/G ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.12 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.