Los Angeles Capital Management LLC Reduces Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Los Angeles Capital Management LLC trimmed its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 50.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,994 shares of the company’s stock after selling 99,292 shares during the period. Los Angeles Capital Management LLC owned approximately 0.19% of Sun Country Airlines worth $1,099,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SNCY. VELA Investment Management LLC purchased a new position in shares of Sun Country Airlines during the third quarter worth $421,000. Farther Finance Advisors LLC raised its stake in shares of Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Sun Country Airlines by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 223,266 shares of the company’s stock worth $2,503,000 after buying an additional 10,462 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after acquiring an additional 336,086 shares during the period.

Insider Buying and Selling

In other news, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares of the company’s stock, valued at $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares in the company, valued at approximately $162,799.10. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNCY. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Susquehanna raised their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.60.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $15.43 on Friday. The stock has a market capitalization of $816.86 million, a PE ratio of 18.95, a P/E/G ratio of 0.71 and a beta of 1.48. The company has a fifty day moving average of $12.05 and a two-hundred day moving average of $11.56. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same period last year, the company posted $0.14 EPS. Sun Country Airlines’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

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.