Assenagon Asset Management S.A. Buys 196,094 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Assenagon Asset Management S.A. grew its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 87.8% during the fourth quarter, HoldingsChannel reports. The firm owned 419,360 shares of the company’s stock after purchasing an additional 196,094 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Sun Country Airlines were worth $6,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE boosted its stake in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after purchasing an additional 8,186 shares during the last quarter. Paloma Partners Management Co purchased a new position in Sun Country Airlines in the 3rd quarter worth about $132,000. SG Americas Securities LLC bought a new position in Sun Country Airlines during the 3rd quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after acquiring an additional 1,087 shares during the last quarter.

Sun Country Airlines Trading Up 1.3 %

Shares of SNCY stock opened at $16.18 on Monday. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $16.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market capitalization of $856.57 million, a PE ratio of 19.98, a PEG ratio of 0.36 and a beta of 1.44. The stock has a fifty day simple moving average of $14.90 and a two-hundred day simple moving average of $12.73.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. On average, analysts predict that Sun Country Airlines Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, COO Gregory A. Mays sold 6,147 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $16.08, for a total value of $98,843.76. Following the completion of the sale, the chief operating officer now directly owns 60,368 shares in the company, valued at $970,717.44. This trade represents a 9.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Davis sold 2,115 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 36,158 shares in the company, valued at $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,458 shares of company stock valued at $1,568,660. Insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Susquehanna boosted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

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.