Apollo Management Holdings L.P. Takes $6.82 Million Position in Sun Country Airlines Holdings, Inc. $SNCY

Apollo Management Holdings L.P. purchased a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 580,537 shares of the company’s stock, valued at approximately $6,821,000. Sun Country Airlines makes up about 0.1% of Apollo Management Holdings L.P.’s portfolio, making the stock its 26th biggest position. Apollo Management Holdings L.P. owned approximately 1.09% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings in shares of Sun Country Airlines by 5,842.4% in the first quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock valued at $17,370,000 after purchasing an additional 1,386,166 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Sun Country Airlines by 53.3% during the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after buying an additional 1,228,721 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Sun Country Airlines by 91.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after buying an additional 580,062 shares during the period. AQR Capital Management LLC lifted its stake in Sun Country Airlines by 276.5% in the 2nd quarter. AQR Capital Management LLC now owns 672,101 shares of the company’s stock worth $7,897,000 after acquiring an additional 493,581 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Sun Country Airlines by 9.5% in the 1st 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 in the last quarter.

Insider Activity at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,139 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the completion of the sale, the chief executive officer directly owned 123,347 shares of the company’s stock, valued at $1,441,926.43. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 3,772 shares of company stock valued at $45,508. Corporate insiders own 5.00% of the company’s stock.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $14.83 on Friday. The firm has a fifty day moving average of $12.41 and a two-hundred day moving average of $12.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The stock has a market capitalization of $781.84 million, a price-to-earnings ratio of 14.12, a PEG ratio of 0.53 and a beta of 1.58. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNCY. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sun Country Airlines in a report on Monday, December 8th. Wall Street Zen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Cowen reissued a “buy” rating on shares of Sun Country Airlines in a research note on Monday, November 3rd. Zacks Research raised shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and a consensus price target of $18.88.

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.