Public Sector Pension Investment Board Has $2.93 Million Stake in Sun Country Airlines Holdings, Inc. $SNCY

Public Sector Pension Investment Board lifted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 28.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 247,847 shares of the company’s stock after acquiring an additional 55,627 shares during the period. Public Sector Pension Investment Board owned 0.47% of Sun Country Airlines worth $2,927,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC grew its holdings in Sun Country Airlines by 53.3% during the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after purchasing an additional 1,228,721 shares during the last quarter. Apollo Management Holdings L.P. bought a new stake in shares of Sun Country Airlines during the 2nd quarter worth $6,821,000. Arrowstreet Capital Limited Partnership grew its stake in Sun Country Airlines by 91.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after buying an additional 580,062 shares during the last quarter. AQR Capital Management LLC raised its holdings in Sun Country Airlines by 276.5% in the 2nd quarter. AQR Capital Management LLC now owns 672,101 shares of the company’s stock worth $7,897,000 after acquiring an additional 493,581 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Sun Country Airlines by 141.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 675,831 shares of the company’s stock worth $7,941,000 after acquiring an additional 395,486 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their target price for the company from $12.00 to $20.00 in a report on Friday, January 9th. Wall Street Zen lowered Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Finally, Cantor Fitzgerald set a $21.00 target price on shares of Sun Country Airlines in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.75.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $17.53, for a total transaction of $39,565.21. Following the sale, the senior vice president directly owned 38,931 shares of the company’s stock, valued at approximately $682,460.43. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Andrew Coley sold 2,052 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 21,378 shares of company stock valued at $343,249. 5.00% of the stock is currently owned by corporate insiders.

Sun Country Airlines Stock Up 2.5%

SNCY opened at $20.48 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 21.33, a P/E/G ratio of 0.47 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79. The firm’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $14.13. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.