Primecap Management Co. CA Buys 59,310 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Primecap Management Co. CA raised its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 60.6% in the second quarter, HoldingsChannel reports. The fund owned 157,115 shares of the company’s stock after acquiring an additional 59,310 shares during the period. Primecap Management Co. CA’s holdings in Sun Country Airlines were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management boosted its stake in Sun Country Airlines by 32.2% in the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after purchasing an additional 61,558 shares during the period. GSA Capital Partners LLP boosted its position in shares of Sun Country Airlines by 199.6% in the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after acquiring an additional 65,991 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Sun Country Airlines in the first quarter valued at about $1,208,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sun Country Airlines in the first quarter valued at about $66,000. Finally, Vanguard Group Inc. increased its position in Sun Country Airlines by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares during the period.

Wall Street Analysts Forecast Growth

SNCY has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price objective on shares of Sun Country Airlines in a report on Thursday, June 20th. Susquehanna cut their price target on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Finally, TD Cowen raised their price objective on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Insider Activity

In related news, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the completion of the sale, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $327,329.10. The sale was disclosed in a filing with the SEC, which is available through this link. In other Sun Country Airlines news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at $162,799.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Grant Whitney sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the transaction, the senior vice president now owns 26,355 shares of the company’s stock, valued at $327,329.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,076 shares of company stock worth $220,391. Insiders own 3.50% of the company’s stock.

Sun Country Airlines Price Performance

SNCY stock opened at $11.32 on Thursday. The company’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $12.15. The firm has a market cap of $595.56 million, a P/E ratio of 9.28, a P/E/G ratio of 0.60 and a beta of 1.54. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. During the same period last year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.84 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.