Pacer Advisors Inc. Takes $30.84 Million Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Pacer Advisors Inc. acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,115,326 shares of the company’s stock, valued at approximately $30,841,000. Pacer Advisors Inc. owned 4.00% of Sun Country Airlines as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. U S Global Investors Inc. raised its position in shares of Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after buying an additional 336,086 shares during the last quarter. State Street Corp increased its holdings 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. Dimensional Fund Advisors LP grew its holdings in Sun Country Airlines by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after buying an additional 112,397 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after acquiring an additional 431,515 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Sun Country Airlines by 19.0% in 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.

Sun Country Airlines Trading Up 1.2 %

NASDAQ SNCY opened at $16.96 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The stock has a market cap of $897.86 million, a PE ratio of 20.94, a PEG ratio of 0.37 and a beta of 1.44. The company’s 50-day moving average price is $15.08 and its 200-day moving average price is $12.91. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.51.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.93 earnings per share for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the sale, the vice president now directly owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. This represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 194,976 shares of company stock worth $3,151,512. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SNCY shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna boosted their target price on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target for the company. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.29.

Sun Country Airlines 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.