375,485 Shares in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 375,485 shares of the company's stock, valued at approximately $5,475,000. Hudson Bay Capital Management LP owned 0.71% of Sun Country Airlines at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines during the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the 4th quarter valued at $74,000. Aquatic Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter worth $102,000. Quarry LP raised its stake in Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after buying an additional 6,159 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in Sun Country Airlines during the fourth quarter worth $154,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SNCY shares. Barclays cut their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. TD Cowen upped their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.43.

Sun Country Airlines Trading Down 0.1%

Shares of NASDAQ:SNCY traded down $0.01 during mid-day trading on Friday, hitting $12.10. The company had a trading volume of 759,162 shares, compared to its average volume of 829,875. The firm has a fifty day moving average price of $11.27 and a 200 day moving average price of $14.01. The company has a market capitalization of $643.82 million, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 5,662 shares of company stock worth $68,045. 5.00% of the stock is owned by corporate 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.