Kennedy Capital Management LLC Sells 174,059 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Kennedy Capital Management LLC trimmed its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 92.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,315 shares of the company’s stock after selling 174,059 shares during the period. Kennedy Capital Management LLC’s holdings in Sun Country Airlines were worth $216,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Assetmark Inc. lifted its stake in shares of Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after purchasing an additional 929 shares during the period. Lazard Asset Management LLC grew its holdings in Sun Country Airlines by 310.0% during the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after purchasing an additional 7,819 shares during the period. Quantbot Technologies LP acquired a new stake in Sun Country Airlines in the first quarter worth $251,000. EntryPoint Capital LLC bought a new stake in shares of Sun Country Airlines in the 1st quarter valued at $299,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Sun Country Airlines during the 4th quarter worth $307,000.

Analyst Ratings Changes

A number of research firms recently issued reports on SNCY. Morgan Stanley reissued an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen lifted their target price on Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.67.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $11.67 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $613.96 million, a price-to-earnings ratio of 9.57, a P/E/G ratio of 0.58 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $21.35. The stock’s 50 day moving average price is $11.59 and its two-hundred day moving average price is $13.11.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Monday, May 6th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. Sun Country Airlines had a return on equity of 14.35% and a net margin of 6.48%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 2,086 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the chief executive officer now directly owns 122,905 shares in the company, valued at approximately $1,551,061.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total transaction of $26,325.32. Following the transaction, the chief executive officer now owns 122,905 shares in the company, valued at approximately $1,551,061.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Grant Whitney sold 5,888 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total value of $62,883.84. Following the sale, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $281,471.40. The disclosure for this sale can be found here. Insiders sold 15,964 shares of company stock worth $189,075 over the last three months. Insiders own 3.50% of the company’s stock.

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.