Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $353,000 in Sun Country Airlines Holdings, Inc. $SNCY

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,872 shares of the company’s stock, valued at approximately $353,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.06% of Sun Country Airlines as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Sun Country Airlines by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock worth $56,898,000 after acquiring an additional 589,323 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in 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 worth $41,520,000 after purchasing an additional 1,228,721 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Sun Country Airlines by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 3,178,770 shares of the company’s stock worth $37,351,000 after purchasing an additional 43,197 shares during the period. American Century Companies Inc. increased its stake in Sun Country Airlines by 9.3% during the second quarter. American Century Companies Inc. now owns 1,838,342 shares of the company’s stock valued at $21,601,000 after purchasing an additional 156,522 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Sun Country Airlines by 35.5% during the second quarter. Bank of New York Mellon Corp now owns 1,249,524 shares of the company’s stock valued at $14,682,000 after purchasing an additional 327,396 shares during the last quarter.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 5,062 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.55, for a total value of $88,838.10. Following the completion of the transaction, the chief executive officer owned 167,982 shares in the company, valued at $2,948,084.10. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the sale, the senior vice president owned 45,040 shares in the company, valued at $679,653.60. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,378 shares of company stock worth $343,249 over the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNCY has been the topic of a number of recent research reports. TD Cowen restated a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Cantor Fitzgerald set a $21.00 price target on Sun Country Airlines in a research report on Monday, November 3rd. Finally, Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price target for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Hold” and an average price target of $19.75.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $19.91 on Wednesday. The company has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $14.28. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $22.29. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 0.46 and a beta of 1.58. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The business had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Sun Country Airlines Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.