Y Intercept Hong Kong Ltd Purchases Shares of 26,074 Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Y Intercept Hong Kong Ltd acquired a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,074 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. CWM LLC lifted its holdings in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Sun Country Airlines in the second quarter worth $40,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Sun Country Airlines during the second quarter valued at $80,000. Finally, US Bancorp DE raised its position in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the period.

Wall Street Analysts Forecast Growth

SNCY has been the subject of a number of research reports. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Barclays raised their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna increased their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares in the company, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,720 shares of company stock worth $1,285,263. 4.60% of the stock is owned by insiders.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $14.90 on Wednesday. The company has a 50 day moving average price of $13.75 and a two-hundred day moving average price of $12.08. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $16.42. The stock has a market capitalization of $788.81 million, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm 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 company posted $0.14 earnings per share. Sun Country Airlines’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

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.