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

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

Several other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines in the 4th quarter valued at about $30,841,000. American Century Companies Inc. lifted its holdings in Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after buying an additional 292,275 shares during the period. Geode Capital Management LLC raised its position in shares of Sun Country Airlines by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock valued at $13,364,000 after acquiring an additional 16,027 shares during the last quarter. LSV Asset Management grew its stake in shares of Sun Country Airlines by 18.8% during the fourth quarter. LSV Asset Management now owns 787,378 shares of the company's stock worth $11,480,000 after purchasing an additional 124,478 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Sun Country Airlines in the fourth quarter valued at about $6,898,000.

Analysts Set New Price Targets

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

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the 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 directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 5,662 shares of company stock worth $68,045. Corporate insiders own 5.00% of the company's stock.

Sun Country Airlines Stock Performance

Shares of SNCY traded down $0.07 during mid-day trading on Friday, hitting $11.83. 866,314 shares of the company's stock were exchanged, compared to its average volume of 826,452. The stock's 50-day simple moving average is $11.45 and its 200-day simple moving average is $14.03. The firm has a market cap of $629.45 million, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business 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%. Sun Country Airlines's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.