Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 50.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,032 shares of the company’s stock after selling 11,372 shares during the period. XTX Topco Ltd’s holdings in Sun Country Airlines were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Sun Country Airlines during the 4th quarter worth about $60,000. BNP Paribas Financial Markets acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $74,000. Aquatic Capital Management LLC acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth approximately $102,000. Quarry LP boosted its position in shares of Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock worth $115,000 after acquiring an additional 6,159 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Sun Country Airlines by 102.7% in the fourth quarter. State of Wyoming now owns 8,411 shares of the company’s stock worth $123,000 after acquiring an additional 4,262 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SNCY shares. JPMorgan Chase & Co. decreased their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Evercore ISI decreased their target price on shares of Sun Country Airlines from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Morgan Stanley cut their price target on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Susquehanna restated a “neutral” rating and issued a $11.00 price target (down previously from $12.00) on shares of Sun Country Airlines in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the transaction, the vice president directly owned 26,122 shares in the company, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 9,372 shares of company stock valued at $110,365 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Sun Country Airlines Trading Down 3.3%

NASDAQ:SNCY opened at $12.55 on Friday. The stock’s 50 day moving average price is $11.83 and its 200 day moving average price is $12.57. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59. The company has a market capitalization of $669.17 million, a P/E ratio of 11.84, a P/E/G ratio of 0.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%. The firm had revenue of $263.62 million during the quarter, compared to analysts’ expectations of $256.04 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal 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.