Royce & Associates LP Trims Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Royce & Associates LP lowered its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 31.2% in the third quarter, HoldingsChannel.com reports. The firm owned 194,570 shares of the company’s stock after selling 88,126 shares during the period. Royce & Associates LP’s holdings in Sun Country Airlines were worth $2,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SNCY. Farther Finance Advisors LLC lifted its stake in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC raised its holdings in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC acquired a new position in Sun Country Airlines during the 2nd quarter worth about $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines during the 1st quarter valued at about $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Sun Country Airlines in the 2nd quarter valued at about $80,000.

Sun Country Airlines Trading Down 6.8 %

Shares of NASDAQ:SNCY opened at $13.62 on Wednesday. The company has a market cap of $721.04 million, a PE ratio of 16.81, a P/E/G ratio of 0.68 and a beta of 1.48. The company’s 50 day moving average is $12.32 and its two-hundred day moving average is $11.57. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $17.56. 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 (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the sale, the chief financial officer now directly owns 36,158 shares in the company, valued at $524,652.58. This trade represents a 5.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,720 shares of company stock worth $694,763 over the last 90 days. 4.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNCY. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna raised their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays upped their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Company 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.