GSA Capital Partners LLP Reduces Stock Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

GSA Capital Partners LLP cut its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,196 shares of the company's stock after selling 58,049 shares during the period. GSA Capital Partners LLP owned about 0.15% of Sun Country Airlines worth $888,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SNCY. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% during the 3rd 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 boosted its stake in 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 acquiring an additional 2,508 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Sun Country Airlines in the 2nd quarter worth approximately $40,000. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines in the first quarter worth $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Sun Country Airlines during the 2nd quarter valued at $80,000.

Sun Country Airlines Price Performance

NASDAQ:SNCY traded down $0.54 during mid-day trading on Friday, hitting $14.89. 706,803 shares of the stock traded hands, compared to its average volume of 1,007,807. The business's 50-day moving average price is $12.21 and its 200 day moving average price is $11.57. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The company has a market cap of $788.28 million, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.48. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.56.

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

Insider Buying and Selling

In other Sun Country Airlines news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares of the company's stock, valued at $524,652.58. The trade was a 5.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Gyurci sold 3,000 shares of the business's stock in a transaction that occurred 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 sale, the vice president now owns 14,407 shares of the company's stock, valued at $162,799.10. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,720 shares of company stock worth $694,763. Corporate insiders own 4.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SNCY shares. Susquehanna boosted their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. The Goldman Sachs Group restated a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday. Wolfe Research upgraded 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 note on Tuesday, October 8th. Finally, Barclays increased their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Sun Country Airlines 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.