U S Global Investors Inc. Sells 506,045 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

U S Global Investors Inc. decreased its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 18.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,199,744 shares of the company’s stock after selling 506,045 shares during the quarter. Sun Country Airlines comprises about 3.2% of U S Global Investors Inc.’s portfolio, making the stock its 9th biggest position. U S Global Investors Inc. owned approximately 4.16% of Sun Country Airlines worth $32,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Sun Country Airlines by 76.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Sun Country Airlines by 11.9% during the fourth 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 during the last quarter. Creative Planning raised its holdings in shares of Sun Country Airlines by 36.0% during the third quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after purchasing an additional 4,954 shares during the last quarter. Principal Financial Group Inc. lifted its position in Sun Country Airlines by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 190,554 shares of the company’s stock valued at $2,778,000 after purchasing an additional 5,760 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Sun Country Airlines by 29.3% in the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after purchasing an additional 5,782 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNCY. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna upped their price objective on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. started 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 target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Insider Buying and Selling

In other Sun Country Airlines news, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the transaction, the vice president now owns 12,999 shares in the company, valued at $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Grant Whitney sold 2,127 shares of Sun Country Airlines stock in a transaction on Friday, January 10th. The shares were 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 directly owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 242,279 shares of company stock worth $4,031,056. Corporate insiders own 4.60% of the company’s stock.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $15.84 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $842.02 million, a P/E ratio of 16.67, a PEG ratio of 0.42 and a beta of 1.46. The firm has a fifty day moving average of $16.20 and a 200-day moving average of $13.69. Sun Country Airlines Holdings, Inc. has a 52-week low of $9.22 and a 52-week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $258.04 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

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.