Tower Research Capital LLC TRC Buys 11,786 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Tower Research Capital LLC TRC boosted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating) by 583.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,807 shares of the company’s stock after purchasing an additional 11,786 shares during the period. Tower Research Capital LLC TRC’s holdings in Sun Country Airlines were worth $188,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SNCY. KBC Group NV bought a new stake in Sun Country Airlines during the third quarter worth approximately $33,000. Advisor Group Holdings Inc. grew its stake in shares of Sun Country Airlines by 31.0% during the first quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock valued at $61,000 after buying an additional 550 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Sun Country Airlines during the second quarter valued at approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sun Country Airlines by 94.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,300 shares of the company’s stock valued at $72,000 after buying an additional 2,570 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of Sun Country Airlines during the third quarter valued at approximately $88,000.

Sun Country Airlines Stock Up 9.7 %

Sun Country Airlines stock opened at $22.74 on Wednesday. The business has a fifty day moving average of $19.10 and a two-hundred day moving average of $18.19. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.30 billion, a P/E ratio of 78.41 and a beta of 1.47. Sun Country Airlines Holdings, Inc. has a twelve month low of $13.25 and a twelve month high of $29.98.

Sun Country Airlines (NASDAQ:SNCY – Get Rating) last posted its earnings results on Friday, February 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $227.15 million during the quarter, compared to analyst estimates of $224.43 million. Sun Country Airlines had a return on equity of 5.18% and a net margin of 1.98%. Sun Country Airlines’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, major shareholder Sca Horus Holdings, Llc sold 787,500 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $19.75, for a total transaction of $15,553,125.00. Following the completion of the sale, the insider now owns 18,832,497 shares in the company, valued at $371,941,815.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Sca Horus Holdings, Llc sold 787,500 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $19.75, for a total transaction of $15,553,125.00. Following the completion of the sale, the insider now owns 18,832,497 shares in the company, valued at approximately $371,941,815.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William Trousdale sold 12,951 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $20.59, for a total value of $266,661.09. Following the sale, the vice president now owns 16,357 shares of the company’s stock, valued at approximately $336,790.63. The disclosure for this sale can be found here. Insiders sold a total of 6,084,185 shares of company stock worth $120,213,132 over the last 90 days. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNCY. Deutsche Bank Aktiengesellschaft cut their target price on Sun Country Airlines from $29.00 to $26.00 in a research note on Tuesday, December 20th. The Goldman Sachs Group initiated coverage on Sun Country Airlines in a report on Friday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company. Finally, Morgan Stanley lowered their price target on Sun Country Airlines from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.11.

Sun Country Airlines Profile

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Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.