Hudson Bay Capital Management LP bought a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 0.71% of Sun Country Airlines as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $60,000. BNP Paribas Financial Markets purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $74,000. Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $102,000. Quarry LP grew its holdings in shares of Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after purchasing an additional 6,159 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $154,000.
Sun Country Airlines Trading Down 0.1%
Shares of NASDAQ:SNCY traded down $0.01 on Friday, hitting $12.10. 759,162 shares of the company's stock were exchanged, compared to its average volume of 832,191. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. The stock has a market capitalization of $643.82 million, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The business's 50 day simple moving average is $11.25 and its two-hundred day simple moving average is $14.02. 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 (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 firm had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SNCY has been the subject of a number of analyst reports. TD Cowen raised their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays dropped their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Susquehanna lifted their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.43.
Read Our Latest Report on SNCY
Insider Activity at Sun Country Airlines
In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 5,662 shares of company stock worth $68,045 over the last three months. 5.00% of the stock is owned by corporate insiders.
Sun Country Airlines Company Profile
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Free Report)
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.
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