Vanguard Group Inc. Has $67.07 Million Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Vanguard Group Inc. decreased its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,600,177 shares of the company’s stock after selling 28,023 shares during the period. Vanguard Group Inc. owned 0.09% of Sun Country Airlines worth $67,071,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC acquired a new position in shares of Sun Country Airlines during the 4th quarter worth about $846,000. Fox Run Management L.L.C. acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at about $409,000. American Century Companies Inc. raised its holdings in Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company’s stock worth $20,353,000 after acquiring an additional 292,275 shares in the last quarter. Quantbot Technologies LP acquired a new position in Sun Country Airlines during the fourth quarter valued at approximately $186,000. Finally, Proficio Capital Partners LLC bought a new position in Sun Country Airlines in the fourth quarter valued at approximately $190,000.

Sun Country Airlines Stock Down 10.8 %

SNCY opened at $10.39 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $14.30 and its 200 day simple moving average is $14.19. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $18.59. The stock has a market cap of $552.31 million, a PE ratio of 10.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55.

Sun Country Airlines (NASDAQ:SNCY) last issued 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. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, SVP Grant Whitney sold 3,912 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $15.88, for a total value of $62,122.56. Following the transaction, the senior vice president now directly owns 16,455 shares of the company’s stock, valued at $261,305.40. This represents a 19.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 1,593 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $17.00, for a total value of $27,081.00. Following the transaction, the vice president now owns 11,618 shares in the company, valued at $197,506. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,327 shares of company stock worth $3,201,474 over the last three months. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several recent analyst reports. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective for the company. Susquehanna dropped their price target on shares of Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Barclays cut their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.71.

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.