Apollo Management Holdings L.P. Sells 4,815,000 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Apollo Management Holdings L.P. reduced its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,346,105 shares of the company's stock after selling 4,815,000 shares during the period. Sun Country Airlines comprises approximately 1.3% of Apollo Management Holdings L.P.'s investment portfolio, making the stock its 7th largest position. Apollo Management Holdings L.P. owned 11.99% of Sun Country Airlines worth $92,526,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNCY. Barclays PLC lifted its stake in Sun Country Airlines by 260.8% in the 3rd 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 during the last quarter. Franklin Resources Inc. increased its holdings in shares of Sun Country Airlines by 29.3% during the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company's stock worth $269,000 after buying an additional 5,782 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after acquiring an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock valued at $6,114,000 after acquiring an additional 196,094 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Sun Country Airlines during the 4th quarter worth $30,841,000.

Insider Transactions at Sun Country Airlines

In other 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 value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, 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 is available through this link. In the last ninety days, insiders sold 5,662 shares of company stock valued at $68,045. Corporate insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

SNCY has been the topic of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target on the stock. Barclays cut 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, Susquehanna decreased their price target on shares of Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.71.

Sun Country Airlines Trading Up 11.5 %

SNCY stock traded up $1.13 during trading on Friday, hitting $10.96. The company had a trading volume of 1,829,173 shares, compared to its average volume of 821,019. The stock has a market cap of $582.61 million, a PE ratio of 11.54, a PEG ratio of 0.42 and a beta of 1.55. The business has a 50-day moving average of $11.89 and a 200-day moving average of $14.06. 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 one year low of $8.10 and a one year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

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.