Sun Country Airlines Holdings, Inc. $SNCY Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,900 shares of the company’s stock after purchasing an additional 4,532 shares during the period. Intech Investment Management LLC’s holdings in Sun Country Airlines were worth $304,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after buying an additional 4,219 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Sun Country Airlines by 493.1% in the second quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock worth $56,000 after acquiring an additional 3,955 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the first quarter valued at approximately $88,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sun Country Airlines during the second quarter worth approximately $119,000. Finally, ProShare Advisors LLC purchased a new position in Sun Country Airlines during the second quarter worth approximately $132,000.

Sun Country Airlines Trading Up 0.6%

NASDAQ:SNCY opened at $13.69 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The business’s 50-day simple moving average is $11.96 and its 200 day simple moving average is $12.04. The stock has a market cap of $721.40 million, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. The company had revenue of $127.61 million for the quarter. As a group, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,139 shares of Sun Country Airlines 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 sale, the chief executive officer directly owned 123,347 shares in the company, valued at $1,441,926.43. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total value of $65,900.00. Following the completion of the transaction, the vice president directly owned 25,109 shares of the company’s stock, valued at $330,936.62. This trade represents a 16.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,853 shares of company stock valued at $112,101. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNCY. TD Cowen raised their price objective on Sun Country Airlines from $15.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a report on Wednesday. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Cowen reiterated a “buy” rating on shares of Sun Country Airlines in a research note on Monday, November 3rd. Finally, Evercore ISI raised their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.43.

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.