Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by PDT Partners LLC

PDT Partners LLC reduced its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,802 shares of the company's stock after selling 28,824 shares during the quarter. PDT Partners LLC owned approximately 0.22% of Sun Country Airlines worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $190,000. JPMorgan Chase & Co. increased its position in Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock worth $2,882,000 after buying an additional 224,774 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $6,114,000 after acquiring an additional 196,094 shares during the last quarter. Victory Capital Management Inc. lifted 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 valued at $1,745,000 after acquiring an additional 85,201 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sun Country Airlines during the fourth quarter valued at $1,475,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Susquehanna cut their target price on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Barclays decreased their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Sun Country Airlines Trading Up 11.5 %

SNCY stock traded up $1.13 on Friday, hitting $10.96. 1,829,173 shares of the company were exchanged, compared to its average volume of 818,867. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The stock has a market capitalization of $582.61 million, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The business's fifty day moving average is $11.89 and its two-hundred day moving average is $14.05.

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, topping analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. During the same period in the prior year, the firm posted $0.66 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction on Tuesday, April 1st. The shares were 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 approximately $1,533,619.78. The trade was a 1.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 5,662 shares of company stock valued at $68,045 in the last three months. Corporate insiders own 4.60% of the company's stock.

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.