Man Group plc Acquires New Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Man Group plc acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 116,607 shares of the company's stock, valued at approximately $1,700,000. Man Group plc owned 0.22% of Sun Country Airlines as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Millennium Management LLC grew its position in shares of Sun Country Airlines by 176.2% in the fourth quarter. Millennium Management LLC now owns 477,029 shares of the company's stock valued at $6,955,000 after purchasing an additional 304,343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sun Country Airlines by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after acquiring an additional 796 shares during the last quarter. J. Goldman & Co LP acquired a new position in Sun Country Airlines in the fourth quarter valued at $5,309,000. Hudson Bay Capital Management LP acquired a new position in Sun Country Airlines in the fourth quarter valued at $5,475,000. Finally, Graham Capital Management L.P. boosted its holdings in Sun Country Airlines by 276.2% in the fourth quarter. Graham Capital Management L.P. now owns 46,299 shares of the company's stock valued at $675,000 after acquiring an additional 33,993 shares during the last quarter.

Sun Country Airlines Stock Up 0.3%

Shares of NASDAQ SNCY traded up $0.04 during midday trading on Thursday, reaching $11.70. 61,147 shares of the company's stock were exchanged, compared to its average volume of 834,033. 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 market capitalization of $622.53 million, a PE ratio of 12.32, 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 quick ratio of 0.61 and a current ratio of 0.63. The business's fifty day moving average price is $11.00 and its two-hundred day moving average price is $13.84.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same period in the previous year, the company earned $0.66 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

SNCY has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective 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. Barclays cut their price objective on 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. Finally, Susquehanna raised their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.43.

Insider Transactions at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the business's 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 of the company's stock, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 5,662 shares of company stock valued at $68,045. 5.00% of the stock is currently owned by insiders.

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.