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

U S Global Investors Inc. lowered its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 21.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,721,538 shares of the company's stock after selling 478,206 shares during the period. Sun Country Airlines accounts for 2.8% of U S Global Investors Inc.'s portfolio, making the stock its 7th largest holding. U S Global Investors Inc. owned 3.24% of Sun Country Airlines worth $21,209,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SNCY. Proficio Capital Partners LLC bought a new position in shares of Sun Country Airlines during the 4th quarter valued at $190,000. SG Americas Securities LLC acquired a new position in Sun Country Airlines during the first quarter worth $498,000. Renaissance Technologies LLC acquired a new position in Sun Country Airlines during the fourth quarter worth $1,475,000. Victory Capital Management Inc. raised its holdings in Sun Country Airlines by 246.9% during the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock valued at $1,745,000 after buying an additional 85,201 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Sun Country Airlines by 44.3% in the fourth quarter. JPMorgan Chase & Co. now owns 370,890 shares of the company's stock worth $5,408,000 after buying an additional 113,789 shares during the last quarter.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY traded up $0.50 during trading hours on Tuesday, hitting $12.25. 1,220,968 shares of the company's stock were exchanged, compared to its average volume of 850,866. The company's 50-day moving average price is $11.18 and its 200-day moving average price is $13.32. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $18.59. The stock has a market capitalization of $651.82 million, a price-to-earnings ratio of 12.63, a PEG ratio of 0.23 and a beta of 1.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. The company had revenue of $326.65 million during 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 quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the firm's stock in a transaction 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 sale, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNCY. JPMorgan Chase & Co. lowered their price objective on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays decreased their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, TD Cowen boosted their price objective 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.83.

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.