Algert Global LLC Sells 98,737 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Algert Global LLC trimmed its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 27.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,536 shares of the company's stock after selling 98,737 shares during the period. Algert Global LLC owned 0.49% of Sun Country Airlines worth $2,932,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. CWM LLC grew its position in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company's stock valued at $33,000 after purchasing an additional 2,508 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Sun Country Airlines in the second quarter worth about $40,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sun Country Airlines during the 1st quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Sun Country Airlines during the 2nd quarter valued at approximately $80,000.

Insiders Place Their Bets

In related news, CFO David M. Davis sold 2,115 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now directly owns 36,158 shares of the company's stock, valued at $524,652.58. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares of the company's stock, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,720 shares of company stock worth $694,763 over the last three months. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Susquehanna lifted their price target on Sun Country Airlines from $11.00 to $14.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays increased their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Wolfe Research raised shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.33.

Sun Country Airlines Price Performance

Shares of SNCY stock traded up $0.49 during mid-day trading on Wednesday, reaching $14.42. The company's stock had a trading volume of 757,887 shares, compared to its average volume of 672,383. The firm's 50-day moving average is $12.67 and its two-hundred day moving average is $11.65. The company has a market cap of $763.39 million, a P/E ratio of 17.80, a PEG ratio of 0.64 and a beta of 1.48. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $17.56. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current 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.