Proficio Capital Partners LLC Invests $190,000 in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Proficio Capital Partners LLC purchased a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 4th quarter, Holdings Channel reports. The fund purchased 13,049 shares of the company’s stock, valued at approximately $190,000.

Several other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in Sun Country Airlines during the 4th quarter worth about $30,841,000. State Street Corp raised its holdings in 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 period. FMR LLC boosted its position in shares of Sun Country Airlines by 19.0% during 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. Weiss Asset Management LP grew its holdings in shares of Sun Country Airlines by 7.0% in the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after buying an additional 37,689 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Sun Country Airlines by 87.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after buying an additional 196,094 shares in the last quarter.

Sun Country Airlines Stock Performance

SNCY opened at $13.37 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market capitalization of $710.72 million, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.42 and a beta of 1.46. The business’s 50-day moving average price is $15.63 and its two-hundred day moving average price is $14.20. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59.

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

Analysts Set New Price Targets

SNCY has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. Susquehanna raised their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 2,760 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $513,901.80. This represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Grant Whitney sold 2,127 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.98, for a total transaction of $33,989.46. Following the transaction, the senior vice president now owns 20,367 shares in the company, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,541 shares of company stock worth $3,380,795. Insiders own 4.60% of the company’s stock.

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.