Jennison Associates LLC Sells 309,145 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Jennison Associates LLC reduced its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 16.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,571,981 shares of the company’s stock after selling 309,145 shares during the period. Jennison Associates LLC owned 2.90% of Sun Country Airlines worth $24,727,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of Sun Country Airlines by 7.4% in the 3rd quarter. New York State Teachers Retirement System now owns 12,917 shares of the company’s stock valued at $192,000 after buying an additional 887 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Sun Country Airlines by 4.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,108 shares of the company’s stock valued at $372,000 after buying an additional 1,052 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Sun Country Airlines by 9.2% in the 3rd quarter. Amalgamated Bank now owns 17,153 shares of the company’s stock valued at $255,000 after buying an additional 1,447 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Sun Country Airlines by 71.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,593 shares of the company’s stock valued at $53,000 after buying an additional 1,498 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Sun Country Airlines by 13.7% in the 3rd quarter. Barclays PLC now owns 16,627 shares of the company’s stock valued at $247,000 after buying an additional 2,003 shares in the last quarter.

Sun Country Airlines Stock Performance

SNCY opened at $14.29 on Thursday. Sun Country Airlines Holdings, Inc. has a 12-month low of $11.96 and a 12-month high of $23.80. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $761.51 million, a PE ratio of 11.71, a P/E/G ratio of 0.50 and a beta of 1.62. The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $14.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Sun Country Airlines had a net margin of 6.88% and a return on equity of 15.23%. The company had revenue of $245.54 million during the quarter, compared to analyst estimates of $248.82 million. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SNCY shares. Morgan Stanley upgraded shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Monday, February 26th. Barclays lifted their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Susquehanna reiterated a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Sun Country Airlines in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.60.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 5,073 shares of company stock valued at $72,944. 3.50% of the stock is owned by insiders.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.