Apollo Management Holdings L.P. Has $92.53 Million Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Apollo Management Holdings L.P. trimmed its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 43.1% during the fourth quarter, according to its most recent disclosure 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 makes up about 1.3% of Apollo Management Holdings L.P.'s investment portfolio, making the stock its 7th biggest position. Apollo Management Holdings L.P. owned approximately 11.99% of Sun Country Airlines worth $92,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SNCY. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines during the 4th quarter worth approximately $60,000. Aquatic Capital Management LLC bought a new stake in shares of Sun Country Airlines in the fourth quarter worth $102,000. Quarry LP boosted its stake in shares of Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after buying an additional 6,159 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Sun Country Airlines during the 4th quarter worth approximately $163,000. Finally, Stoneridge Investment Partners LLC bought a new stake in Sun Country Airlines during the fourth quarter worth $154,000.

Sun Country Airlines Price Performance

NASDAQ SNCY traded down $0.10 on Monday, reaching $10.86. 558,223 shares of the company's stock traded hands, compared to its average volume of 820,084. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. 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 50-day simple moving average of $11.89 and a 200 day simple moving average of $14.08. The stock has a market cap of $578.00 million, a PE ratio of 11.40, a P/E/G ratio of 0.42 and a beta of 1.57.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. During the same quarter in the previous year, the firm 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, research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on SNCY. 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. 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 report on Monday. Finally, Barclays reduced their price target on 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. The trade was a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 5,662 shares of company stock worth $68,045. 4.60% of the stock is owned by insiders.

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.