Charles Schwab Investment Management Inc. Raises Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Charles Schwab Investment Management Inc. lifted its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 356,033 shares of the company’s stock after purchasing an additional 1,932 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sun Country Airlines were worth $5,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SNCY. Paloma Partners Management Co bought a new stake in Sun Country Airlines during the third quarter valued at about $132,000. Stoneridge Investment Partners LLC bought a new stake in Sun Country Airlines during the 4th quarter valued at approximately $154,000. Versor Investments LP purchased a new position in Sun Country Airlines in the 4th quarter worth approximately $185,000. Proficio Capital Partners LLC purchased a new stake in Sun Country Airlines during the 4th quarter valued at approximately $190,000. Finally, New York State Teachers Retirement System grew its holdings in Sun Country Airlines by 11.9% during the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after buying an additional 1,505 shares in the last quarter.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $13.56 on Wednesday. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a market cap of $720.82 million, a price-to-earnings ratio of 14.27, a PEG ratio of 0.42 and a beta of 1.46. The firm’s fifty day moving average is $15.74 and its 200 day moving average is $14.21. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. Sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SNCY shares. Susquehanna upped their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.05, for a total value of $1,012,582.45. Following the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at approximately $550,033. This represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 1,593 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $17.00, for a total transaction of $27,081.00. Following the completion of the sale, the vice president now owns 11,618 shares of the company’s stock, valued at $197,506. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,541 shares of company stock worth $3,380,795 over the last ninety days. Company insiders own 4.60% of the company’s stock.

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.