PDT Partners LLC Sells 28,824 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

PDT Partners LLC decreased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,802 shares of the company's stock after selling 28,824 shares during the period. PDT Partners LLC owned about 0.22% of Sun Country Airlines worth $1,688,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines during the 4th quarter valued at $60,000. Aquatic Capital Management LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter worth about $102,000. Quarry LP grew its stake in Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after buying an additional 6,159 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Sun Country Airlines in the 4th quarter valued at about $154,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Sun Country Airlines during the fourth quarter worth approximately $163,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SNCY shares. Barclays lowered their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Susquehanna lifted their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.43.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at $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 worth $68,045 over the last quarter. Corporate insiders own 4.60% of the company's stock.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock traded down $0.01 on Monday, reaching $10.95. 397,956 shares of the stock were exchanged, compared to its average volume of 819,518. The firm's 50 day moving average is $11.89 and its 200-day moving average is $14.08. The firm has a market cap of $582.63 million, a PE ratio of 11.54, a P/E/G ratio of 0.42 and a beta of 1.57. 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 one year low of $8.10 and a one year high of $18.59.

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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same quarter last year, the company posted $0.66 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.