Bridgewater Associates LP Invests $608,000 in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bridgewater Associates LP bought a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,667 shares of the company’s stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at about $327,000. Sterling Capital Management LLC increased its holdings in Sun Country Airlines by 29,062.4% during the 4th quarter. Sterling Capital Management LLC now owns 24,788 shares of the company’s stock valued at $361,000 after purchasing an additional 24,703 shares during the period. LSV Asset Management raised its position in Sun Country Airlines by 18.8% during the 4th quarter. LSV Asset Management now owns 787,378 shares of the company’s stock valued at $11,480,000 after purchasing an additional 124,478 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Sun Country Airlines in the 4th quarter worth approximately $763,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at approximately $1,475,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Susquehanna decreased their price target on shares of Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, 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 on the stock. Two 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 company currently has an average rating of “Moderate Buy” and an average target price of $17.71.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $8.88 on Friday. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.88 and a 52 week high of $18.59. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The stock has a market cap of $472.04 million, a P/E ratio of 9.35, a P/E/G ratio of 0.42 and a beta of 1.55. The business’s 50 day moving average price is $13.47 and its 200-day moving average price is $14.14.

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

Insider Transactions at Sun Country Airlines

In other news, CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the sale, the chief financial officer now owns 32,260 shares of the company’s stock, valued at $545,516.60. This trade represents a 64.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jude Bricker sold 2,172 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company’s stock, valued at $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,415 shares of company stock worth $3,139,352. Corporate 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.