Brevan Howard Capital Management LP Grows Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Brevan Howard Capital Management LP raised its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,335 shares of the company's stock after acquiring an additional 30,524 shares during the period. Brevan Howard Capital Management LP owned about 0.22% of Sun Country Airlines worth $1,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SNCY. Barclays PLC grew its position in shares of Sun Country Airlines by 260.8% in the 3rd quarter. Barclays PLC now owns 117,457 shares of the company's stock valued at $1,316,000 after buying an additional 84,906 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sun Country Airlines by 695.3% during the third 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 in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 purchasing an additional 196,094 shares during the period. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines in the 4th quarter valued at $30,841,000. Finally, Empowered Funds LLC lifted its stake in shares of Sun Country Airlines by 5.1% in the fourth quarter. Empowered Funds LLC now owns 224,324 shares of the company's stock valued at $3,271,000 after buying an additional 10,879 shares in the last quarter.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of the 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 completion of the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 5,662 shares of company stock worth $68,045 over the last quarter. Insiders own 5.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Susquehanna lifted their target price 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. 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 research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Sun Country Airlines Trading Up 3.3%

Shares of SNCY stock traded up $0.39 during trading hours on Monday, reaching $12.24. The company's stock had a trading volume of 229,257 shares, compared to its average volume of 824,192. The firm's fifty day simple moving average is $11.45 and its 200 day simple moving average is $14.04. Sun Country Airlines Holdings, Inc. has a one year low of $8.10 and a one year high of $18.59. The stock has a market capitalization of $651.48 million, a P/E ratio of 12.97, a P/E/G ratio of 0.42 and a beta of 1.57. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

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

About Sun Country Airlines

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.