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

Man Group plc bought a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

Several other large investors also recently added to or reduced their stakes in SNCY. Pacer Advisors Inc. purchased a new stake in Sun Country Airlines in the 4th quarter worth approximately $30,841,000. Empowered Funds LLC lifted its position in Sun Country Airlines by 5.1% in the 4th quarter. Empowered Funds LLC now owns 224,324 shares of the company's stock worth $3,271,000 after buying an additional 10,879 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Sun Country Airlines in the 4th quarter worth approximately $154,000. New York State Teachers Retirement System lifted its position in Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after buying an additional 1,505 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Sun Country Airlines by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 190,554 shares of the company's stock worth $2,778,000 after buying an additional 5,760 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on SNCY. Susquehanna increased 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 report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Barclays lowered their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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, May 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.43.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,662 shares of company stock valued at $68,045 over the last 90 days. 5.00% of the stock is owned by corporate insiders.

Sun Country Airlines Stock Down 1.5%

SNCY traded down $0.18 on Wednesday, hitting $11.65. 323,840 shares of the company were exchanged, compared to its average volume of 835,171. The stock's fifty day moving average is $11.03 and its 200-day moving average is $13.85. The company has a market cap of $619.61 million, a PE ratio of 12.29, a PEG 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. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59.

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, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 EPS. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal 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.