Sun Country Airlines Holdings, Inc. $SNCY Shares Sold by U S Global Investors Inc.

Key Points

• U S Global Investors cut its stake in Sun Country by 11.9% in Q4, selling 216,991 shares and now holding 1,611,228 shares (about 3.06% of SNCY) valued at $23.19 million, making it the firm's sixth-largest holding.
• Other institutional moves included Goldman Sachs increasing its position by 6.8% to 1,167,547 shares (adding 74,558), Creative Planning more than doubling its stake to 34,728 shares, and Acadian Asset Management opening a new position.
• Sun Country beat Q4 expectations with $0.17 EPS (vs. $0.13 est.) and $281M revenue, the stock trades near $16.34 (12‑month range $8.57–$22.29) with a market cap ~ $885M, and analysts have a consensus "Hold" with an average target of $20.29.

U S Global Investors Inc. decreased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,611,228 shares of the company's stock after selling 216,991 shares during the quarter. Sun Country Airlines accounts for about 2.5% of U S Global Investors Inc.'s holdings, making the stock its 6th largest holding. U S Global Investors Inc. owned 3.06% of Sun Country Airlines worth $23,186,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sun Country Airlines by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company's stock worth $289,000 after purchasing an additional 1,014 shares during the period. Goldman Sachs Group Inc. raised its holdings in Sun Country Airlines by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company's stock worth $14,384,000 after purchasing an additional 74,558 shares during the period. Empowered Funds LLC raised its holdings in Sun Country Airlines by 2.0% in the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company's stock worth $2,820,000 after purchasing an additional 4,569 shares during the period. Acadian Asset Management LLC acquired a new position in Sun Country Airlines in the 1st quarter worth about $88,000. Finally, Creative Planning raised its holdings in Sun Country Airlines by 115.3% in the 2nd quarter. Creative Planning now owns 34,728 shares of the company's stock worth $408,000 after purchasing an additional 18,596 shares during the period.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $16.34 on Friday. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.57 and a 12 month high of $22.29. The stock has a 50 day moving average of $17.72 and a two-hundred day moving average of $15.60. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71. The firm has a market cap of $885.46 million, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. The business had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, analysts expect that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna raised Sun Country Airlines from a "neutral" rating to a "positive" rating and upped their price target for the stock from $12.00 to $20.00 in a report on Friday, January 9th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. TD Cowen reiterated a "hold" rating on shares of Sun Country Airlines in a research note on Tuesday, February 10th. Citigroup boosted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, March 20th. Finally, Wolfe Research lowered Sun Country Airlines from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.29.

Sun Country Airlines Profile

Sun Country Airlines NASDAQ: SNCY is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.

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