Privium Fund Management UK Ltd Sells 26,923 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Privium Fund Management UK Ltd lessened its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,811 shares of the company's stock after selling 26,923 shares during the period. Sun Country Airlines accounts for approximately 0.3% of Privium Fund Management UK Ltd's holdings, making the stock its 12th biggest position. Privium Fund Management UK Ltd's holdings in Sun Country Airlines were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNCY. Paloma Partners Management Co bought a new position in Sun Country Airlines during the 3rd quarter valued at approximately $132,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Sun Country Airlines in the fourth quarter worth $154,000. Versor Investments LP bought a new position in shares of Sun Country Airlines during the fourth quarter valued at $185,000. Proficio Capital Partners LLC purchased a new position in shares of Sun Country Airlines in the 4th quarter worth about $190,000. Finally, New York State Teachers Retirement System boosted its stake in Sun Country Airlines by 11.9% in the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after purchasing an additional 1,505 shares in the last quarter.

Sun Country Airlines Stock Performance

Shares of SNCY traded down $0.10 during trading hours on Friday, hitting $12.81. The stock had a trading volume of 2,273,754 shares, compared to its average volume of 700,522. The firm has a market capitalization of $680.95 million, a PE ratio of 13.48, a PEG ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $18.59. The stock has a fifty day moving average price of $15.82 and a 200 day moving average price of $14.15.

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Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business had revenue of $260.40 million for the quarter, compared to analysts' expectations of $258.04 million. During the same period last year, the firm posted $0.12 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, SVP Grant Whitney sold 2,127 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.98, for a total transaction of $33,989.46. Following the completion of the sale, the senior vice president now owns 20,367 shares of the company's stock, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David M. Davis sold 2,760 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now owns 32,260 shares of the company's stock, valued at approximately $513,901.80. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,541 shares of company stock worth $3,380,795. 4.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNCY has been the subject of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 price target for the company. Susquehanna boosted their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.29.

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.