The most recent Form 13F filing that Assenagon Asset Management S.A. has made with the SEC reveals that during the third quarter, the company increased the proportion of Sun Country Airlines Holdings, Inc. (NASDAQ: SNY) shares that it owns. The fund spent approximately $154,000 to purchase 11,307 shares of the company’s stock, bringing the total number of shares it owns to 11,307.
A couple of other hedge funds have either decreased the amount of money they have invested in the company or increased the amount of money they have invested in the company. Amalgamated Bank invested approximately 137 thousand dollars in Sun Country Airlines during the first three months of 2018, bringing the total amount of money spent to approximately 137 thousand dollars. AlphaCrest Capital Management LLC purchased an additional 678 thousand dollars worth of shares in Sun Country Airlines during the second quarter. During the second quarter, Verition Fund Management LLC increased its investment in Sun Country Airlines by purchasing additional shares for 386,000 dollars. TimesSquare Capital Management LLC increased its ownership stake in Sun Country Airlines to 51% after purchasing an additional 4.9% of the company during the second quarter of the fiscal year. TimesSquare Capital Management LLC now holds 1,325,335 shares of the company’s stock, valued at $24,307,000, following the acquisition of an additional 61,700 shares during the period in question. And finally, during the second quarter, Thrivent Financial for Lutherans increased its holdings in Sun Country Airlines by purchasing an additional 3.4 percent of its shares. Thrivent Financial for Lutherans now has 2,194,100 shares after acquiring 72,602 over time. These shares have a combined value of $40,240,000.
In addition, on November 2, Vice President William Trousdale sold 10,000 of the company’s shares of stock. Another recent piece of news shared this piece of information with the public. The shares were sold for a total of $190,000.00, which works out to an average price of $19.00 per share when divided among all the shares. As soon as the deal is finalized, the vice president will become the owner of 8,208 shares of the corporation. Based on the current market price, these shares are estimated to be worth $155,952. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. The insiders hold 3.30% of the company’s shares, and during the most recent fiscal quarter, they sold 12,918 of those shares for a total of $238,426.
Research companies have shown increased interest in SNCY over the most recent months. Deutsche Bank Aktiengesellschaft stated in a research note released on December 20 that they would be lowering their price target on shares of Sun Country Airlines from $29.00 to $26.00. The research note was published on the day that the announcement was made. According to a research note distributed on Tuesday, October 11, by Susquehanna Bancshares, the price objective for Sun Country Airlines shares has decreased from $23.00 to $20.00. This information was shared with the public. In a research note made public on January 11, Morgan Stanley lowered its price target.