Barclays PLC Reduces Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Barclays PLC cut its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,706 shares of the company's stock after selling 33,751 shares during the period. Barclays PLC owned 0.16% of Sun Country Airlines worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNCY. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines during the fourth quarter worth approximately $30,841,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $6,898,000. American Century Companies Inc. grew its position in shares of Sun Country Airlines by 26.5% during the 4th quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after buying an additional 292,275 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Sun Country Airlines by 695.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after acquiring an additional 224,774 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after acquiring an additional 196,094 shares in the last quarter.

Sun Country Airlines Stock Down 0.3 %

Shares of SNCY traded down $0.03 during trading hours on Wednesday, reaching $11.21. 1,006,475 shares of the stock traded hands, compared to its average volume of 825,540. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $596.46 million, a price-to-earnings ratio of 11.80, a PEG ratio of 0.42 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The stock has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $14.03.

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

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 5,662 shares of company stock valued at $68,045. 4.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen upped their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Barclays reduced 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 report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.43.

Sun Country Airlines 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.