Assenagon Asset Management S.A. Sells 257,140 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Assenagon Asset Management S.A. cut its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 61.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,220 shares of the company’s stock after selling 257,140 shares during the period. Assenagon Asset Management S.A. owned approximately 0.31% of Sun Country Airlines worth $1,999,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines in the fourth quarter worth $60,000. BNP Paribas Financial Markets acquired a new stake in Sun Country Airlines during the fourth quarter worth about $74,000. Aquatic Capital Management LLC bought a new position in Sun Country Airlines in the 4th quarter valued at about $102,000. Quarry LP raised its position in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after buying an additional 6,159 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company’s stock valued at $122,000 after buying an additional 9,218 shares in the last quarter.

Analysts Set New Price Targets

SNCY has been the topic of several analyst reports. Barclays reduced 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 report on Tuesday, April 8th. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, TD Cowen upped their price objective on 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.43.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $10.83 on Wednesday. The company’s 50 day moving average price is $10.92 and its two-hundred day moving average price is $13.54. The firm has a market capitalization of $576.26 million, a P/E ratio of 11.16, a P/E/G ratio of 0.21 and a beta of 1.63. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to analysts’ expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. Sun Country Airlines’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 127,589 shares of the company’s stock, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 3,150 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the sale, the vice president now directly owns 26,122 shares in the company, valued at approximately $300,141.78. This represents a 10.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,812 shares of company stock worth $104,238. Insiders own 4.60% of the company’s stock.

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.