Graham Capital Management L.P. Boosts Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Graham Capital Management L.P. grew its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 276.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,299 shares of the company's stock after purchasing an additional 33,993 shares during the period. Graham Capital Management L.P. owned about 0.09% of Sun Country Airlines worth $675,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after buying an additional 791,669 shares during the period. Pacer Advisors Inc. purchased a new position in Sun Country Airlines in the 4th quarter valued at approximately $30,841,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Sun Country Airlines by 24.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after acquiring an additional 374,221 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sun Country Airlines by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company's stock worth $23,906,000 after acquiring an additional 264,976 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Sun Country Airlines by 26.5% during the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after acquiring an additional 292,275 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on SNCY. Barclays decreased their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. TD Cowen lifted their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered 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. Finally, Susquehanna raised their target price on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and an average price target of $17.43.

Insider Buying and Selling

In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was 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 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. Insiders have sold 5,662 shares of company stock worth $68,045 in the last ninety days. 5.00% of the stock is owned by corporate insiders.

Sun Country Airlines Stock Down 0.7%

NASDAQ SNCY traded down $0.09 during trading on Tuesday, reaching $11.96. 137,699 shares of the company's stock were exchanged, compared to its average volume of 829,517. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59. The stock has a market cap of $636.37 million, a P/E ratio of 12.59, a price-to-earnings-growth 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. The company has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $14.00.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS 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.