Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) was purchased by the Louisiana State Employees Retirement System in the third quarter, as stated in the most recent statement that the company filed with the Securities and Exchange Commission. The institutional investor spent approximately $212,000 to acquire 15,600 shares of the company’s stock.
There have been transactions in which several other institutional investors have bought and sold company shares. These transactions involved the buying and selling of company shares. A $386,000 was made in Sun Country Airlines by Verition Fund Management LLC during the second quarter of 2018. The holdings of Legal & General Group Plc increased by 21.7% during the second quarter due to the addition of additional shares of Sun Country Airlines. Legal & General Group Plc is now the company’s direct owner of 10,533 shares. These shares have a combined value of $193,000 and were acquired during the most recent fiscal quarter by purchasing an additional 1,881 shares. ExodusPoint Capital Management LP achieved an increase of 85.6% in the proportion of Sun Country Airlines stock it owned over the second quarter. Following the acquisition of 49,629 additional shares during the most recent quarter, ExodusPoint Capital Management LP now holds 107,575 shares of the company’s stock, which has a value of $1,973,000. These shares were acquired over the most recent fiscal quarter. Goldman Sachs Group Inc. increased the percentage of Sun Country Airlines in which it owned a stake by 56.6% during the second quarter of the fiscal year. Goldman Sachs Group Inc. now directly owns a total of 178,834 shares in the company, which have a combined value of $3,279,000, after purchasing an additional 64,659 shares in the company during the most recent quarter. This brings the total number of shares directly owned by Goldman Sachs Group Inc. to 178,834. And finally, during the second quarter of the fiscal year, Thrivent Financial for Lutherans increased its holding in Sun Country Airlines by 3.4%, bringing the total amount of its stock to $1. Thrivent Financial for Lutherans now has 2,194,100 shares after purchasing an additional 72,602 in the most recent quarter. The value of these shares is estimated to be $40,240,000.
SNCY has been the focus of many investigations carried out by researchers. Research from the Goldman Sachs Group stated on Friday, December 16, in a report that was made public, that it would begin covering Sun Country Airlines with a “neutral” rating and a price target of $19.00. This information was included in the report. In a report distributed on Tuesday, October 11, Susquehanna Bancshares stated that they had decreased their Sun Country Airlines stock price target. The previous price goal of $23.00 has been revised to $20.00 as the new price objective. The price target that Deutsche Bank Aktiengesellschaft has set for Sun Country Airlines shares has decreased from $29.00 to $26.00, as stated in a report that was made public on Tuesday, December 20. Barclays announced in a research note made available on Wednesday, October 12, that they would lower their price objective on Sun Country Airlines shares from $26.00 to $21.00. In a research report on Wednesday, Morgan Stanley lowered its price target on Sun Country Airlines shares from $28.00 to $26.00 and downgraded the company’s rating from “equal weight” to “underperform.” Both of these actions were taken in response to the company’s performance. 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. The stock is currently rated as having a consensus rating of “Moderate Buy,” with an average price target of $23.11. This information was derived from data that Bloomberg.com provided.
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 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. If you follow this link, you will be taken to the SEC filing in which the sale was disclosed. Please click on the link to proceed. Insiders of the company have sold a total of 12,918 shares of stock over the most recent three months, bringing in a total of $238,426 as a result of their actions. The current percentage of the company’s stock held by company insiders is 3.30 percent.
When trading started on Friday, Sun Country Airlines’ share price was $19.10 per share. The ratio of debt to equity is 1.11, the ratio of current assets to liquid assets is 1.05, and the ratio of current assets to liquid assets is 1.03. Sun Country Airlines Holdings, Inc. hit an all-time low of $13.25 during the past year, while the company reached an all-time high of $30.61 during the same period. A price-to-earnings ratio of 119.38 and a beta of 1.43 have contributed to establishing a value of $1.11 billion for the business. The company has recorded a moving average of $18.09 over the previous 200 days; the moving average for the most recent 50 days is $18.62.
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 had earnings of $0.12 per share during the period covered by the report, which was $0.06 more than the earnings that industry experts had projected of $0.06 per share during that period. Sun Country Airlines had a return on equity of 4.84% and a net margin of 1.17% for the company overall. On the other hand, the actual sales for the company came in at $221.70 million, which was considerably higher than the $216.16 million that the analysts had predicted the company would bring in. According to the projections by research analysts, Sun Country Airlines Holdings Inc. is expected to generate earnings of $0.41 per share for the current fiscal year.
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.