Sun Country Airlines Holdings, Inc. $SNCY Shares Sold by UBS Group AG

UBS Group AG lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 58.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 335,482 shares of the company’s stock after selling 463,347 shares during the quarter. UBS Group AG owned about 0.64% of Sun Country Airlines worth $4,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in shares of Sun Country Airlines by 61.3% in the fourth quarter. State of Alaska Department of Revenue now owns 48,413 shares of the company’s stock valued at $695,000 after purchasing an additional 18,394 shares during the last quarter. Brookwood Investment Group LLC purchased a new position in Sun Country Airlines in the fourth quarter worth approximately $168,000. Baron Wealth Management LLC purchased a new position in Sun Country Airlines in the fourth quarter worth approximately $189,000. Exchange Traded Concepts LLC grew its position in Sun Country Airlines by 4.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 97,282 shares of the company’s stock worth $1,400,000 after acquiring an additional 4,316 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Sun Country Airlines in the fourth quarter worth approximately $297,000.

Analyst Ratings Changes

SNCY has been the subject of several analyst reports. TD Cowen lowered Sun Country Airlines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings lowered Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Finally, Citigroup increased their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Hold” and an average target price of $19.57.

Sun Country Airlines Stock Performance

SNCY opened at $16.17 on Friday. Sun Country Airlines Holdings, Inc. has a 52 week low of $10.14 and a 52 week high of $22.29. The business has a fifty day simple moving average of $16.61 and a 200-day simple moving average of $16.27. The firm has a market cap of $876.41 million, a P/E ratio of 22.15, a P/E/G ratio of 0.74 and a beta of 1.40. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.65.

Sun Country Airlines Profile

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.