Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Stock Position Lifted by Graham Capital Management L.P.

Graham Capital Management L.P. grew its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 276.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,299 shares of the company's stock after buying 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.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Sun Country Airlines during the 4th quarter worth approximately $190,000. JPMorgan Chase & Co. lifted its holdings in Sun Country Airlines by 695.3% during the 3rd 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 during the last quarter. Assenagon Asset Management S.A. lifted its holdings in 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 worth $6,114,000 after buying an additional 196,094 shares during the last quarter. Renaissance Technologies LLC bought a new position in Sun Country Airlines during the 4th quarter worth approximately $1,475,000. Finally, Victory Capital Management Inc. lifted its holdings in Sun Country Airlines by 246.9% during the 4th quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock worth $1,745,000 after buying an additional 85,201 shares during the last quarter.

Sun Country Airlines Stock Down 2.1%

SNCY opened at $12.50 on Thursday. 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 market cap of $665.10 million, a P/E ratio of 13.16, a P/E/G ratio of 0.42 and a beta of 1.57. The stock's 50 day moving average price is $11.30 and its 200 day moving average price is $14.02.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its 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. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $326.65 million for the quarter, compared to analysts' expectations of $329.51 million. During the same period last year, the firm earned $0.66 EPS. The firm's revenue 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. TD Cowen increased their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays dropped 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. Finally, Susquehanna increased their price target on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.43.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 5,662 shares of company stock worth $68,045 in the last three months. 5.00% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.