Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385,135 shares of the company’s stock after purchasing an additional 21,562 shares during the period. Northern Trust Corp owned 0.73% of Sun Country Airlines worth $5,615,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Sun Country Airlines during the 4th quarter worth about $613,000. Quarry LP boosted its stake in shares of Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company’s stock worth $115,000 after purchasing an additional 6,159 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the 4th quarter worth about $102,000. Hancock Whitney Corp acquired a new stake in shares of Sun Country Airlines during the 4th quarter worth about $213,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Sun Country Airlines by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company’s stock worth $27,887,000 after purchasing an additional 374,221 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Susquehanna raised their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their target price 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, TD Cowen raised their target price on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company’s stock, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 5,662 shares of company stock valued at $68,045 over the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Sun Country Airlines Price Performance

SNCY opened at $11.87 on Wednesday. The company’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $13.98. 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 1 year low of $8.10 and a 1 year high of $18.59. The stock has a market capitalization of $631.58 million, a PE ratio of 12.49, a P/E/G ratio of 0.42 and a beta of 1.57.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm 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%. Sun Country Airlines’s revenue 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 year.

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.