U S Global Investors Inc. Sells 478,206 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

U S Global Investors Inc. lowered its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 21.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,721,538 shares of the company's stock after selling 478,206 shares during the quarter. Sun Country Airlines accounts for 2.8% of U S Global Investors Inc.'s holdings, making the stock its 7th largest holding. U S Global Investors Inc. owned 3.24% of Sun Country Airlines worth $21,209,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the 4th quarter valued at about $60,000. BNP Paribas Financial Markets acquired a new stake in shares of Sun Country Airlines during the fourth quarter valued at about $74,000. Aquatic Capital Management LLC purchased a new stake in shares of Sun Country Airlines in the 4th quarter valued at approximately $102,000. Quarry LP lifted its holdings in shares of Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Sun Country Airlines by 102.7% during the 4th quarter. State of Wyoming now owns 8,411 shares of the company's stock worth $123,000 after purchasing an additional 4,262 shares during the period.

Sun Country Airlines Stock Up 2.7%

Shares of Sun Country Airlines stock traded up $0.31 during trading hours on Friday, reaching $11.87. 2,425,418 shares of the company were exchanged, compared to its average volume of 846,443. The firm has a market cap of $631.60 million, a PE ratio of 12.24, a PEG ratio of 0.22 and a beta of 1.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.63. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59. The stock's fifty day moving average is $11.11 and its 200 day moving average is $13.37.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. Sun Country Airlines's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the sale, 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 the SEC website. Also, VP John Gyurci sold 3,150 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the transaction, the vice president now directly owns 26,122 shares of the company's stock, valued at $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,812 shares of company stock worth $104,238 in the last 90 days. Corporate insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNCY shares. JPMorgan Chase & Co. cut their target price 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 report on Tuesday, April 8th. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, TD Cowen boosted 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average target price of $16.83.

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.