Privium Fund Management UK Ltd Buys New Stake in Sun Country Airlines Holdings, Inc. $SNCY

Privium Fund Management UK Ltd bought a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 33,024 shares of the company’s stock, valued at approximately $475,000. Sun Country Airlines comprises about 0.4% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC increased its holdings in Sun Country Airlines by 1.3% in the 3rd quarter. SummerHaven Investment Management LLC now owns 63,294 shares of the company’s stock valued at $748,000 after purchasing an additional 806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sun Country Airlines by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock valued at $289,000 after purchasing an additional 1,014 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Sun Country Airlines by 7.7% in the 3rd quarter. New York State Teachers Retirement System now owns 17,895 shares of the company’s stock valued at $211,000 after purchasing an additional 1,284 shares during the last quarter. Legal & General Group Plc increased its holdings in Sun Country Airlines by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 68,113 shares of the company’s stock valued at $800,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Sun Country Airlines by 10.2% in the 3rd quarter. Yousif Capital Management LLC now owns 16,252 shares of the company’s stock valued at $192,000 after purchasing an additional 1,500 shares during the last quarter.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $15.88 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $17.13 and a 200 day moving average price of $15.86. The company has a market cap of $860.70 million, a P/E ratio of 16.54, a PEG ratio of 0.54 and a beta of 1.40. Sun Country Airlines Holdings, Inc. has a 12 month low of $10.14 and a 12 month high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. Sun Country Airlines had a net margin of 3.55% and a return on equity of 6.45%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SNCY has been the subject of several research reports. Citigroup lifted their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the company from $12.00 to $20.00 in a report on Friday, January 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Weiss Ratings downgraded shares of Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Hold” and an average target price of $20.29.

About Sun Country Airlines

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.