Primecap Management Co. CA Cuts Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Primecap Management Co. CA cut its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 42.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,015 shares of the company’s stock after selling 61,800 shares during the period. Primecap Management Co. CA owned approximately 0.16% of Sun Country Airlines worth $1,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in Sun Country Airlines in the 4th quarter valued at approximately $30,841,000. State Street Corp raised its stake in shares of Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares during the last quarter. FMR LLC lifted its holdings in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock valued at $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Weiss Asset Management LP boosted its position in shares of Sun Country Airlines by 7.0% during the third quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after buying an additional 37,689 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Sun Country Airlines by 87.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after buying an additional 196,094 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNCY. Susquehanna upped their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Stock Performance

SNCY opened at $13.14 on Thursday. The company’s 50 day moving average is $15.95 and its 200 day moving average is $14.12. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $698.50 million, a price-to-earnings ratio of 13.83, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insiders Place Their Bets

In related news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total transaction of $102,780.00. Following the transaction, the vice president now owns 11,618 shares in the company, valued at approximately $199,016.34. The trade was a 34.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David M. Davis sold 2,760 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $513,901.80. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,541 shares of company stock worth $3,380,795 over the last quarter. 4.60% of the stock is currently owned by corporate insiders.

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.