Brandywine Global Investment Management LLC Invests $2.69 Million in Sun Country Airlines Holdings, Inc. $SNCY

Brandywine Global Investment Management LLC bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 228,830 shares of the company’s stock, valued at approximately $2,689,000. Brandywine Global Investment Management LLC owned 0.43% of Sun Country Airlines as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Sun Country Airlines by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company’s stock worth $62,065,000 after acquiring an additional 437,550 shares during the period. Ameriprise Financial Inc. lifted its holdings in Sun Country Airlines by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,135,573 shares of the company’s stock worth $38,620,000 after purchasing an additional 17,437 shares during the last quarter. U S Global Investors Inc. boosted its stake in Sun Country Airlines by 20.6% in the 2nd quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company’s stock valued at $24,394,000 after purchasing an additional 354,569 shares during the period. American Century Companies Inc. grew its holdings in Sun Country Airlines by 20.5% in the 1st quarter. American Century Companies Inc. now owns 1,681,820 shares of the company’s stock valued at $20,720,000 after buying an additional 285,872 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Sun Country Airlines by 5,842.4% in the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock valued at $17,370,000 after buying an additional 1,386,166 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNCY. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a report on Thursday. Cantor Fitzgerald set a $21.00 price objective on shares of Sun Country Airlines in a research note on Monday, November 3rd. TD Cowen boosted their price objective on shares of Sun Country Airlines from $15.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Evercore ISI increased their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.

Insider Activity

In other news, CEO Jude Bricker sold 2,139 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $11.69, for a total value of $25,004.91. Following the completion of the transaction, the chief executive officer owned 123,347 shares of the company’s stock, valued at approximately $1,441,926.43. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total transaction of $65,900.00. Following the sale, the vice president directly owned 25,109 shares in the company, valued at $330,936.62. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,853 shares of company stock valued at $112,101. Insiders own 5.00% of the company’s stock.

Sun Country Airlines Stock Up 5.1%

Shares of SNCY opened at $12.67 on Tuesday. The firm has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $12.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The company has a market cap of $667.90 million, a P/E ratio of 12.07, a P/E/G ratio of 0.43 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. The business had revenue of $127.61 million during the quarter. Research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal 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.