U S Global Investors Inc. Has $32.07 Million Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

U S Global Investors Inc. decreased its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,199,744 shares of the company’s stock after selling 506,045 shares during the period. Sun Country Airlines makes up about 3.2% of U S Global Investors Inc.’s investment portfolio, making the stock its 9th largest holding. U S Global Investors Inc.’s holdings in Sun Country Airlines were worth $32,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $30,841,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the third quarter valued at about $2,980,000. JPMorgan Chase & Co. grew its holdings in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after purchasing an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 buying an additional 196,094 shares during the period. Finally, South Dakota Investment Council raised its holdings in Sun Country Airlines by 232.8% in the 4th quarter. South Dakota Investment Council now owns 232,650 shares of the company’s stock valued at $3,392,000 after buying an additional 162,741 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on SNCY. JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Susquehanna upped 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. Finally, Barclays lifted their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Stock Down 3.9 %

Shares of NASDAQ SNCY opened at $15.84 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a 50-day moving average price of $16.20 and a 200-day moving average price of $13.69. The stock has a market capitalization of $842.02 million, a P/E ratio of 16.67, a P/E/G ratio of 0.42 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. On average, equities research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total value of $25,861.44. Following the transaction, the senior vice president now directly owns 30,142 shares in the company, valued at $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $513,901.80. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,279 shares of company stock valued at $4,031,056 over the last 90 days. Insiders own 4.60% of the company’s stock.

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.