Quest Partners LLC Buys New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Quest Partners LLC purchased a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,262 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in Sun Country Airlines in the 1st quarter worth approximately $66,000. Algert Global LLC raised its stake in shares of Sun Country Airlines by 207.3% during the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after acquiring an additional 243,028 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Sun Country Airlines in the 2nd quarter valued at $1,890,000. Finally, Dana Investment Advisors Inc. grew its holdings in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after purchasing an additional 431,515 shares during the last quarter.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. The trade was a 17.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $578,221.93. Following the sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,720 shares of company stock valued at $694,763. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Trading Down 0.9 %

SNCY opened at $13.93 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.56. The firm has a market capitalization of $737.45 million, a price-to-earnings ratio of 17.20, a PEG ratio of 0.63 and a beta of 1.48. The business has a 50 day simple moving average of $12.61 and a two-hundred day simple moving average of $11.63.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on SNCY shares. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Tuesday, October 8th. Susquehanna boosted their target price 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. Barclays raised their price target 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, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

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.