Dark Forest Capital Management LP Buys New Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Dark Forest Capital Management LP bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,100 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds have also recently added to or reduced their stakes in SNCY. Illinois Municipal Retirement Fund lifted its holdings in shares of Sun Country Airlines by 5.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock worth $345,000 after acquiring an additional 1,130 shares during the period. American International Group Inc. increased its holdings in shares of Sun Country Airlines by 11.4% during the 1st quarter. American International Group Inc. now owns 22,927 shares of the company’s stock worth $346,000 after buying an additional 2,347 shares during the last quarter. CWM LLC raised its position in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after buying an additional 2,508 shares during the period. Public Sector Pension Investment Board boosted its holdings in Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Sun Country Airlines by 15.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,414 shares of the company’s stock valued at $309,000 after acquiring an additional 2,803 shares during the period.

Analysts Set New Price Targets

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

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY opened at $11.31 on Monday. The business’s 50-day simple moving average is $10.95 and its 200 day simple moving average is $11.97. The company has a market cap of $595.03 million, a P/E ratio of 9.27, a PEG ratio of 0.61 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last posted 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. The company had revenue of $254.40 million for the quarter, compared to analyst estimates of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. On average, sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,086 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the completion of the sale, the chief executive officer now directly owns 122,905 shares in the company, valued at $1,551,061.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jude Bricker sold 2,086 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the transaction, the chief executive officer now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $12.06, for a total value of $60,300.00. Following the sale, the senior vice president now owns 25,068 shares in the company, valued at $302,320.08. The disclosure for this sale can be found here. Insiders have sold 13,076 shares of company stock worth $158,291 in the last quarter. 3.50% of the stock is owned by corporate insiders.

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.