The most recent filing that the company has made with the SEC indicates that during the third quarter, Jennison Associates LLC increased its stake in Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) by 9.6 percentage points. The corporation increased its ownership stake in the business during the quarter by purchasing an additional 155,326 shares, bringing the total number of shares it owns to 1,772,744. Jennison Associates LLC held approximately 3.05% of Sun Country Airlines’ shares at the end of the most recent fiscal quarter. The value of these shares was $24,127,000.
Several other significant investors have recently adjusted the proportion of SNCY shares they own in their portfolios. During the second quarter, CWM LLC made a new investment in Sun Country Airlines, totaling somewhere in the neighborhood of $30,000 worth of capital. The first three months of this year saw Advisor Group Holdings Inc. increase the proportion of Sun Country Airlines stock owned by 31%. Advisor Group Holdings Inc. now has 2,323 shares, valued at $61,000, after purchasing an additional 550 shares during the period in question. During the second quarter, Quantbot Technologies LP paid approximately 62,000 dollars to acquire a new interest in Sun Country Airlines. In the second quarter, Point72 Hong Kong Ltd. increased the percentage of capital that it had invested in Sun Country Airlines by 12,210.2%. Point72 Hong Kong Ltd now owns 6,032 shares of the company’s stock, valued at $112,000, after purchasing an additional 5,983 shares during the most recent period. Last but not least, during the first three months of the year, Amalgamated Bank put approximately $137,000 into a new holding established with Sun Country Airlines.
SNCY stock started trading on Tuesday for $18.75. The company has a price-to-earnings ratio of 117.19 and a beta value of 1.43. Its market capitalization is currently sitting at $1.09 billion. The company’s financial statements reveal a debt-to-equity ratio of 1.11, a quick ratio of 1.03, and a current ratio of 1.05. Over the last year and a half, the share price of Sun Country Airlines Holdings, Inc. ranged from a low of $13.25 to a high of $30.61. The moving average price of the stock over the past 50 days is $18.61, and the moving average price over the past 200 days is $18.11, respectively.
On November 1, the most recent quarterly earnings report for Sun Country Airlines, traded on the NASDAQ under the symbol SNCY, was made public. The company’s earnings for the period covered by the report came in at $0.12 per share, which was $0.06 more than the earnings that industry experts had projected, which came in at $0.06. Sun Country Airlines had a return on equity of 4.84% and a net margin of 1.17% for the company overall. The revenue for the quarter came in significantly higher than the $216.16 million analysts had anticipated, coming in at a total of $221.70 million instead. In 2018, Sun Country Airlines Holdings, Inc. was anticipated to generate earnings of 0.4 cents per share, as stated by the projections of equity research professionals.
On November 2, Sun Country Airlines Vice President William Trousdale sold 10,000 shares of the company’s stock. This is just one of the many items that are relevant to this subject. 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 a direct consequence of the transaction, the vice president is now the owner of 8,208 shares of company stock. The total value of these shares is $155,952, so the vice president’s new holdings are worth $155,952. The sale was disclosed to the public using a legal document handed into the SEC and is now available online. The document was made available online. Insiders of the company have sold 12,918 shares over the most recent three months, bringing in a total of $238,426 in revenue due to these sales. Insiders of the company collectively own 3.30 percent of the total shares outstanding in the business.
Regarding the stock, a great number of analysts who specialize in equity research have published articles. Goldman Sachs Group published a research note on Friday, December 16, stating that it would begin providing coverage on Sun Country Airlines shares. They have a “neutral” rating for the company, and their price objective is $19.00 per share. In a research note published on January 11, Morgan Stanley decreased their target price on Sun Country Airlines stock from $28.00 to $26.00. Despite this change, the company has maintained its recommendation of “equal weight” for the business. On October 11, Susquehanna lowered its price objective for Sun Country Airlines shares from $23.00 to $20,000.00, which represents a reduction of $7,000 from the previous price objective. In a research report released Tuesday, October 11, Susquehanna Bancshares lowered its target price on Sun Country Airlines shares from $23.00 to $20.00. The report was about Sun Country Airlines. Barclays lowered their price objective for Sun Country Airlines shares from $26.00 to $21.00 in a research note made public on Wednesday, October 12. This was the final change, but certainly not the least important one. Seven research experts have suggested that the company’s stock should be purchased, while only two have suggested that the stock should be held for the time being. According to the information made available on Bloomberg.com, the general rating for Sun Country Airlines is a “Moderate Buy,” and the price analysts anticipate the stock reaching $23.11.
In addition to its operations in the United States of America and Latin America, Sun Country Airlines Holdings, Inc. also flies to several other countries worldwide. In addition to regularly scheduled passenger flights, this company also provides cargo, charter, and other services. As of December 31, 2021, the company’s fleet included 48 aircraft, of which 12 were cargo planes and 36 were passenger planes.