Balyasny Asset Management L.P. Makes New Investment in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Balyasny Asset Management L.P. acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,300 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Sun Country Airlines in the fourth quarter valued at approximately $74,000. Ameriprise Financial Inc. increased its holdings in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after buying an additional 791,669 shares during the last quarter. Algert Global LLC raised its position in shares of Sun Country Airlines by 24.2% in the 4th quarter. Algert Global LLC now owns 324,891 shares of the company’s stock worth $4,737,000 after buying an additional 63,355 shares during the period. Northern Trust Corp raised its position in shares of Sun Country Airlines by 5.9% in the 4th quarter. Northern Trust Corp now owns 385,135 shares of the company’s stock worth $5,615,000 after buying an additional 21,562 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in Sun Country Airlines in the fourth quarter valued at $613,000.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 5,662 shares of company stock valued at $68,045. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNCY has been the subject of several research analyst reports. Barclays dropped their price target on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Finally, Susquehanna increased their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.43.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $12.10 on Monday. The firm has a market capitalization of $643.82 million, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The stock’s 50 day moving average price is $11.25 and its 200 day moving average price is $14.02. 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 (NASDAQ:SNCY) last posted its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $326.65 million for the quarter, compared to analysts’ expectations of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.