TimesSquare Capital Management LLC Buys New Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

TimesSquare Capital Management LLC bought a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 1st quarter, HoldingsChannel.com reports. The fund bought 309,406 shares of the company’s stock, valued at approximately $10,606,000.

Other large investors also recently made changes to their positions in the company. Boston Partners purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $686,000. Russell Investments Group Ltd. purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $1,851,000. Jennison Associates LLC purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $5,099,000. Emerald Advisers LLC purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $7,308,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $7,538,000. 98.23% of the stock is currently owned by institutional investors.

SNCY stock opened at $38.80 on Friday. Sun Country Airlines Holdings, Inc. has a 1-year low of $31.02 and a 1-year high of $44.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.36 and a current ratio of 1.38. The stock has a fifty day simple moving average of $38.67.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, May 5th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.18. The firm had revenue of $127.61 million for the quarter, compared to analysts’ expectations of $114.99 million. As a group, research analysts predict that Sun Country Airlines Holdings, Inc. will post -0.11 earnings per share for the current year.

In other news, Director Sca Horus Holdings, Llc sold 7,250,000 shares of the company’s stock in a transaction on Monday, May 24th. The stock was sold at an average price of $33.12, for a total transaction of $240,120,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kerry Philipovitch purchased 2,250 shares of the company’s stock in a transaction dated Friday, March 19th. The shares were purchased at an average cost of $24.00 per share, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 5,139 shares in the company, valued at $123,336. The disclosure for this purchase can be found here.

Several brokerages recently issued reports on SNCY. Morgan Stanley lifted their target price on Sun Country Airlines from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 1st. Wolfe Research began coverage on Sun Country Airlines in a research report on Monday, April 12th. They issued an “outperform” rating and a $49.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Sun Country Airlines in a research report on Monday, April 12th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on Sun Country Airlines in a research report on Monday, April 12th. They issued a “buy” rating and a $45.00 price objective on the stock.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. It operates a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

Further Reading: Google Finance Portfolio Tips and Tricks

Want to see what other hedge funds are holding SNCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY).

Institutional Ownership by Quarter for Sun Country Airlines (NASDAQ:SNCY)

Receive News & Ratings for Sun Country Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Country Airlines and related companies with MarketBeat.com's FREE daily email newsletter.