PDT Partners LLC Cuts Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

PDT Partners LLC reduced its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 19.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 115,802 shares of the company’s stock after selling 28,824 shares during the period. PDT Partners LLC’s holdings in Sun Country Airlines were worth $1,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in shares of Sun Country Airlines in the fourth quarter valued at $30,841,000. Arrowstreet Capital Limited Partnership bought a new position in Sun Country Airlines during the fourth quarter valued at $6,898,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Sun Country Airlines by 24.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company’s stock worth $27,887,000 after buying an additional 374,221 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Sun Country Airlines by 26.5% in the 4th quarter. American Century Companies Inc. now owns 1,395,948 shares of the company’s stock worth $20,353,000 after buying an additional 292,275 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Sun Country Airlines by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,639,615 shares of the company’s stock valued at $23,906,000 after buying an additional 264,976 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price target for the company. Susquehanna reduced their target price on shares of Sun Country Airlines from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.71.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares of the company’s stock, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 5,826 shares of company stock valued at $70,849. 4.60% of the stock is currently owned by insiders.

Sun Country Airlines Price Performance

SNCY opened at $9.82 on Wednesday. Sun Country Airlines Holdings, Inc. has a 12-month low of $8.10 and a 12-month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $522.01 million, a price-to-earnings ratio of 10.34, a PEG ratio of 0.42 and a beta of 1.55. The business’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $14.08.

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