Sun Country Airlines Holdings, Inc. $SNCY Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,989,120 shares of the company’s stock after purchasing an additional 150,778 shares during the quarter. American Century Companies Inc. owned about 3.77% of Sun Country Airlines worth $23,492,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Primecap Management Co. CA boosted its position in shares of Sun Country Airlines by 74.5% in the 3rd quarter. Primecap Management Co. CA now owns 143,115 shares of the company’s stock worth $1,690,000 after purchasing an additional 61,100 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Sun Country Airlines during the 3rd quarter valued at about $353,000. Vanguard Group Inc. increased its position in Sun Country Airlines by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after buying an additional 589,323 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Sun Country Airlines by 28.9% in the third quarter. Public Sector Pension Investment Board now owns 247,847 shares of the company’s stock valued at $2,927,000 after buying an additional 55,627 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Sun Country Airlines by 3.2% in the third quarter. LSV Asset Management now owns 1,160,178 shares of the company’s stock worth $13,702,000 after acquiring an additional 36,100 shares in the last quarter.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $16.60 on Tuesday. The stock has a 50-day simple moving average of $18.19 and a two-hundred day simple moving average of $14.69. The firm has a market capitalization of $883.45 million, a P/E ratio of 17.29, a PEG ratio of 0.37 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.79 and a current ratio of 0.82.

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

Insider Activity

In related news, SVP Erin Rose Neale sold 2,257 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president directly owned 38,931 shares in the company, valued at $682,460.43. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the stock in a transaction on 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 directly 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. The SEC filing for this sale provides additional information. Insiders sold a total of 20,755 shares of company stock valued at $334,558 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Citigroup raised their target price on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Finally, Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.75.

About Sun Country Airlines

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.