HBK Investments L P Invests $943,000 in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

HBK Investments L P acquired a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 59,930 shares of the company’s stock, valued at approximately $943,000. HBK Investments L P owned approximately 0.11% of Sun Country Airlines at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Par Capital Management Inc. grew its holdings in Sun Country Airlines by 95.7% in the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after buying an additional 1,352,800 shares during the period. Ghisallo Capital Management LLC purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $7,078,000. Vanguard Group Inc. grew its holdings in Sun Country Airlines by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after buying an additional 150,735 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Sun Country Airlines by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 309,398 shares of the company’s stock valued at $4,591,000 after buying an additional 33,847 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $431,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNCY shares. Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Monday, February 26th. TD Cowen reduced their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.17.

Sun Country Airlines Stock Up 5.1 %

Shares of SNCY traded up $0.50 during trading on Monday, reaching $10.36. The company’s stock had a trading volume of 656,929 shares, compared to its average volume of 610,745. The company has a fifty day moving average of $12.17 and a two-hundred day moving average of $13.92. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $23.80. The company has a market cap of $545.04 million, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.46 and a beta of 1.53. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Grant Whitney sold 5,888 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total transaction of $62,883.84. Following the transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at $1,793,620.85. The disclosure for this sale can be found here. Insiders have sold 10,961 shares of company stock worth $135,828 over the last ninety days. 3.50% of the stock is owned by 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.