Summit Global Investments Purchases Shares of 56,339 Sun Country Airlines Holdings, Inc. $SNCY

Summit Global Investments acquired a new position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 56,339 shares of the company’s stock, valued at approximately $665,000.

A number of other hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after buying an additional 4,219 shares during the period. GAMMA Investing LLC lifted its stake in Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock worth $56,000 after acquiring an additional 3,955 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Sun Country Airlines during the 2nd quarter valued at about $59,000. Finally, Ameritas Investment Partners Inc. grew its position in Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after acquiring an additional 1,504 shares in the last quarter.

Sun Country Airlines Stock Down 2.4%

Sun Country Airlines stock opened at $17.54 on Friday. The stock’s fifty day moving average is $15.35 and its two-hundred day moving average is $13.23. The stock has a market cap of $924.71 million, a PE ratio of 16.70, a P/E/G ratio of 0.40 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $18.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.73.

Insider Buying and Selling

In other news, CEO Jude Bricker sold 5,062 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.55, for a total transaction of $88,838.10. Following the completion of the sale, the chief executive officer owned 167,982 shares in the company, valued at approximately $2,948,084.10. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Andrew Coley sold 2,052 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the transaction, the senior vice president owned 45,040 shares of the company’s stock, valued at approximately $679,653.60. The trade was a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,626 shares of company stock worth $329,766 over the last 90 days. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SNCY. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the company from $12.00 to $20.00 in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 price target (down previously from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.63.

Sun Country Airlines Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.