Quest Partners LLC Purchases New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Quest Partners LLC acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,262 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Sun Country Airlines in the first quarter valued at approximately $66,000. Algert Global LLC grew its stake in Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after purchasing an additional 243,028 shares during the period. Vanguard Group Inc. increased its position in shares of Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after purchasing an additional 75,252 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Sun Country Airlines during the 2nd quarter worth $1,890,000. Finally, Dana Investment Advisors Inc. boosted its holdings in shares of Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after buying an additional 431,515 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO David M. Davis sold 2,115 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John Gyurci sold 3,000 shares of the business’s stock in a transaction dated 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 owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock worth $694,763 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on SNCY shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna upped their price target 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. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $13.93 on Wednesday. The business’s fifty day moving average is $12.61 and its 200 day moving average is $11.63. The firm has a market cap of $737.45 million, a price-to-earnings ratio of 17.20, a PEG ratio of 0.63 and a beta of 1.48. 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 52-week low of $9.22 and a 52-week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current year.

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.