Prudential Financial Inc. Has $3.77 Million Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Prudential Financial Inc. lifted its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 65.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,591 shares of the company’s stock after purchasing an additional 102,400 shares during the quarter. Prudential Financial Inc.’s holdings in Sun Country Airlines were worth $3,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNCY. Charles Schwab Investment Management Inc. raised its stake in shares of Sun Country Airlines by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,101 shares of the company’s stock valued at $3,969,000 after buying an additional 8,855 shares in the last quarter. FMR LLC raised its position in Sun Country Airlines by 19.0% in the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Sun Country Airlines during the third quarter valued at approximately $132,000. Centiva Capital LP grew its stake in shares of Sun Country Airlines by 172.8% in the 3rd quarter. Centiva Capital LP now owns 63,864 shares of the company’s stock valued at $716,000 after purchasing an additional 40,454 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Sun Country Airlines in the 3rd quarter worth approximately $2,980,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target on the stock. Susquehanna boosted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Sun Country Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY opened at $11.58 on Wednesday. The business has a fifty day moving average of $15.39 and a 200-day moving average of $14.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $18.59. The firm has a market cap of $615.57 million, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million during the quarter, compared to analysts’ expectations of $258.04 million. During the same quarter last year, the company posted $0.12 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sun Country Airlines news, SVP Grant Whitney sold 2,127 shares of Sun Country Airlines stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.98, for a total transaction of $33,989.46. Following the completion of the sale, the senior vice president now owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 6,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now directly owns 11,618 shares in the company, valued at approximately $199,016.34. This trade represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is currently owned by corporate insiders.

About Sun Country Airlines

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.