AQR Capital Management LLC Increases Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

AQR Capital Management LLC boosted its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 213.2% during the second quarter, HoldingsChannel.com reports. The firm owned 516,269 shares of the company’s stock after purchasing an additional 351,421 shares during the period. AQR Capital Management LLC’s holdings in Sun Country Airlines were worth $6,484,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SNCY. Public Sector Pension Investment Board lifted its position in shares of Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after buying an additional 2,512 shares in the last quarter. Denali Advisors LLC acquired a new position in Sun Country Airlines during the second quarter worth $273,000. Primecap Management Co. CA lifted its holdings in Sun Country Airlines by 60.6% during the second quarter. Primecap Management Co. CA now owns 157,115 shares of the company’s stock valued at $1,973,000 after purchasing an additional 59,310 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares during the period. Finally, WINTON GROUP Ltd increased its stake in shares of Sun Country Airlines by 41.4% during the second quarter. WINTON GROUP Ltd now owns 92,672 shares of the company’s stock worth $1,164,000 after purchasing an additional 27,131 shares in the last quarter.

Insider Activity

In related news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $12.06, for a total transaction of $60,300.00. Following the completion of the transaction, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John Gyurci sold 3,000 shares of the business’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 transaction of $33,900.00. Following the completion of the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. The disclosure for this sale can be found here. Insiders sold a total of 12,788 shares of company stock valued at $146,152 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Sun Country Airlines Price Performance

SNCY stock opened at $9.96 on Friday. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The firm has a market capitalization of $524.01 million, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The business has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.91.

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

Analyst Upgrades and Downgrades

SNCY has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen lifted their price target 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. Finally, Susquehanna reduced their price objective 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.

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.