Marshall Wace LLP Sells 310,948 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Marshall Wace LLP trimmed its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,967 shares of the company's stock after selling 310,948 shares during the quarter. Marshall Wace LLP's holdings in Sun Country Airlines were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SNCY. Barclays PLC grew its stake in Sun Country Airlines by 260.8% in the third quarter. Barclays PLC now owns 117,457 shares of the company's stock valued at $1,316,000 after purchasing an additional 84,906 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after buying an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after buying an additional 196,094 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines in the fourth quarter valued at approximately $30,841,000. Finally, Empowered Funds LLC lifted its position in shares of Sun Country Airlines by 5.1% in the fourth quarter. Empowered Funds LLC now owns 224,324 shares of the company's stock valued at $3,271,000 after buying an additional 10,879 shares during the last quarter.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm'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 transaction, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 5,662 shares of company stock valued at $68,045. Insiders own 5.00% of the company's stock.

Sun Country Airlines Stock Performance

NASDAQ:SNCY traded down $0.07 during mid-day trading on Friday, hitting $11.83. 866,314 shares of the stock were exchanged, compared to its average volume of 826,452. The stock has a market capitalization of $629.45 million, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The firm's 50-day simple moving average is $11.45 and its 200 day simple moving average is $14.04. 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 fifty-two week low of $8.10 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released 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 business had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNCY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on 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 raised their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. TD Cowen raised their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Barclays cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.43.

Sun Country Airlines Company 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.