Sun Country Airlines Holdings, Inc. $SNCY is U S Global Investors Inc.’s 6th Largest Position

U S Global Investors Inc. grew its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 20.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,076,107 shares of the company’s stock after purchasing an additional 354,569 shares during the quarter. Sun Country Airlines comprises approximately 2.9% of U S Global Investors Inc.’s portfolio, making the stock its 6th biggest position. U S Global Investors Inc.’s holdings in Sun Country Airlines were worth $24,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock valued at $56,000 after purchasing an additional 3,955 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Sun Country Airlines in the 1st quarter worth $88,000. Aigen Investment Management LP purchased a new position in Sun Country Airlines in the 1st quarter worth $133,000. New York State Common Retirement Fund raised its stake in Sun Country Airlines by 111.1% in the 1st quarter. New York State Common Retirement Fund now owns 12,161 shares of the company’s stock worth $150,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in Sun Country Airlines in the 1st quarter worth $155,000.

Insider Activity

In other news, CEO Jude Bricker sold 2,139 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total transaction of $25,004.91. Following the sale, the chief executive officer directly owned 123,347 shares in the company, valued at $1,441,926.43. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Gyurci sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total value of $65,900.00. Following the sale, the vice president owned 25,109 shares in the company, valued at $330,936.62. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,853 shares of company stock worth $112,101 over the last ninety days. 5.00% of the stock is owned by insiders.

Sun Country Airlines Price Performance

Shares of SNCY opened at $10.77 on Friday. The business’s 50-day moving average is $12.24 and its two-hundred day moving average is $11.69. The company has a market capitalization of $574.26 million, a P/E ratio of 10.16, a P/E/G ratio of 0.37 and a beta of 1.59. 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 Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $127.61 million for the quarter. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

SNCY has been the subject of a number of research analyst reports. Wall Street Zen lowered Sun Country Airlines from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley reduced their target price on Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Sun Country Airlines from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, Evercore ISI raised their target price on Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.71.

About Sun Country Airlines

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.