Quantbot Technologies LP Takes Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Quantbot Technologies LP acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 12,731 shares of the company’s stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Paloma Partners Management Co purchased a new position in shares of Sun Country Airlines in the third quarter worth $132,000. Stoneridge Investment Partners LLC bought a new stake in Sun Country Airlines in the 4th quarter worth about $154,000. Versor Investments LP purchased a new position in Sun Country Airlines in the 4th quarter worth about $185,000. Proficio Capital Partners LLC purchased a new position in Sun Country Airlines in the 4th quarter worth about $190,000. Finally, New York State Teachers Retirement System lifted its stake in Sun Country Airlines by 11.9% during the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after acquiring an additional 1,505 shares during the period.

Insider Activity

In other Sun Country Airlines news, CFO David M. Davis sold 59,389 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the sale, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $550,033. This trade represents a 64.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Gyurci sold 6,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was 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 of the company’s stock, 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. Insiders have sold a total of 200,541 shares of company stock valued at $3,380,795 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Sun Country Airlines Stock Down 3.7 %

SNCY opened at $12.87 on Monday. The firm’s 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $14.25. The company has a market capitalization of $684.14 million, a PE ratio of 13.55, a PEG ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. During the same period last year, the firm earned $0.12 EPS. Sun Country Airlines’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SNCY shares. JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company. 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Company 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.