Universal Beteiligungs und Servicegesellschaft mbH Takes $2.68 Million Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,752 shares of the company's stock, valued at approximately $2,679,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.35% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter worth about $190,000. Renaissance Technologies LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter worth about $1,475,000. Victory Capital Management Inc. raised its position in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock worth $1,745,000 after acquiring an additional 85,201 shares during the period. JPMorgan Chase & Co. raised 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 acquiring an additional 113,789 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after acquiring an additional 292,275 shares during the period.

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 owns 127,589 shares of the company's stock, valued at $1,533,619.78. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 5,662 shares of company stock worth $68,045. Insiders own 4.60% of the company's stock.

Sun Country Airlines Price Performance

SNCY stock traded up $0.30 during mid-day trading on Friday, reaching $11.74. The company's stock had a trading volume of 827,150 shares, compared to its average volume of 836,904. The stock has a market cap of $624.66 million, a PE ratio of 12.36, a P/E/G ratio of 0.42 and a beta of 1.63. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company's 50 day moving average is $10.81 and its two-hundred day moving average is $13.68.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. Sun Country Airlines's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. Equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SNCY shares. JPMorgan Chase & Co. decreased their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Susquehanna upped their price target 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. TD Cowen upped 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 report on Tuesday, May 6th. Finally, Barclays reduced their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.43.

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.