Privium Fund Management UK Ltd Cuts Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Privium Fund Management UK Ltd lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 51.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,811 shares of the company’s stock after selling 26,923 shares during the quarter. Sun Country Airlines comprises 0.3% of Privium Fund Management UK Ltd’s portfolio, making the stock its 12th largest holding. Privium Fund Management UK Ltd’s holdings in Sun Country Airlines were worth $376,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in SNCY. Pacer Advisors Inc. purchased a new position in Sun Country Airlines in the fourth quarter valued at $30,841,000. State Street Corp raised its position in shares of Sun Country Airlines by 3.3% during the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares in the last quarter. FMR LLC lifted its stake in Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the last quarter. Weiss Asset Management LP boosted its holdings in Sun Country Airlines by 7.0% in the third quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after purchasing an additional 37,689 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Sun Country Airlines by 87.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock valued at $6,114,000 after purchasing an additional 196,094 shares in the last quarter.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $12.89 on Wednesday. The firm’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $14.13. 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 market capitalization of $685.21 million, a price-to-earnings ratio of 13.57, 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 (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same period in the previous year, the business posted $0.12 earnings per share. Sun Country Airlines’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CFO David M. Davis sold 59,389 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at approximately $550,033. This represents a 64.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Grant Whitney sold 3,912 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $15.88, for a total transaction of $62,122.56. Following the completion of the sale, the senior vice president now owns 16,455 shares of the company’s stock, valued at $261,305.40. This trade represents a 19.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,541 shares of company stock valued at $3,380,795 in the last ninety days. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company. Susquehanna boosted their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.