Russell Investments Group Ltd. Raises Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Russell Investments Group Ltd. boosted its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 102,018 shares of the company’s stock after purchasing an additional 3,927 shares during the period. Russell Investments Group Ltd.’s holdings in Sun Country Airlines were worth $1,618,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in shares of Sun Country Airlines by 31.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Sun Country Airlines by 92.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,966 shares of the company’s stock valued at $31,000 after acquiring an additional 943 shares in the last quarter. Sei Investments Co. lifted its position in shares of Sun Country Airlines by 1.1% in the first quarter. Sei Investments Co. now owns 95,034 shares of the company’s stock valued at $2,488,000 after acquiring an additional 1,004 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Sun Country Airlines by 21.7% in the second quarter. Legal & General Group Plc now owns 10,533 shares of the company’s stock valued at $193,000 after acquiring an additional 1,881 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Sun Country Airlines in the third quarter valued at approximately $33,000.

Insider Activity at Sun Country Airlines

In related news, VP William Trousdale sold 2,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $18.23, for a total value of $45,575.00. Following the sale, the vice president now directly owns 14,431 shares in the company, valued at approximately $263,077.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sun Country Airlines news, VP William Trousdale sold 2,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $18.23, for a total transaction of $45,575.00. Following the sale, the vice president now directly owns 14,431 shares in the company, valued at $263,077.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sca Horus Holdings, Llc sold 787,500 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 18,832,497 shares in the company, valued at $371,941,815.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 817,784 shares of company stock worth $16,117,330. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SNCY has been the topic of several research reports. Barclays raised their target price on Sun Country Airlines from $21.00 to $27.00 in a research report on Friday, March 10th. TheStreet upgraded Sun Country Airlines from a “d” rating to a “c-” rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.78.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $17.48 on Wednesday. Sun Country Airlines Holdings, Inc. has a one year low of $13.25 and a one year high of $24.98. The company has a market cap of $983.08 million, a price-to-earnings ratio of 20.09 and a beta of 1.46. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.89. The business’s 50 day moving average price is $18.73 and its 200 day moving average price is $19.07.

Sun Country Airlines (NASDAQ:SNCY – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $294.12 million during the quarter, compared to the consensus estimate of $283.05 million. Sun Country Airlines had a return on equity of 10.68% and a net margin of 5.44%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.85 EPS for the current year.

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.