Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 50.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 97,994 shares of the company’s stock after selling 99,292 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sun Country Airlines were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. CWM LLC grew its position in Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after acquiring an additional 2,508 shares during the period. Innealta Capital LLC acquired a new stake in Sun Country Airlines during the second quarter worth $40,000. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines in the first quarter valued at $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Sun Country Airlines in the second quarter valued at about $80,000.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $15.43 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.56. The company has a market cap of $816.86 million, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 0.71 and a beta of 1.48. The stock has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $11.56.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,720 shares of company stock worth $694,763. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SNCY shares. Susquehanna lifted their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, October 8th. Finally, Barclays boosted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.60.

Sun Country Airlines Profile

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.