Alyeska Investment Group L.P. Acquires New Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Alyeska Investment Group L.P. acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) during the 1st quarter, Holdings Channel reports. The fund acquired 175,000 shares of the company’s stock, valued at approximately $5,999,000.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in Sun Country Airlines during the 1st quarter valued at about $57,000. Point72 Hong Kong Ltd purchased a new stake in Sun Country Airlines during the 1st quarter valued at about $212,000. TD Asset Management Inc. purchased a new stake in Sun Country Airlines during the 1st quarter valued at about $326,000. Monashee Investment Management LLC purchased a new stake in Sun Country Airlines during the 1st quarter valued at about $343,000. Finally, Rokos Capital Management LLP purchased a new stake in Sun Country Airlines during the 1st quarter valued at about $347,000. 98.39% of the stock is currently owned by institutional investors.

In other news, Director Sca Horus Holdings, Llc sold 7,250,000 shares of the stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $33.12, for a total value of $240,120,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:SNCY opened at $34.47 on Thursday. The business has a 50 day simple moving average of $37.02. Sun Country Airlines Holdings, Inc. has a twelve month low of $30.00 and a twelve month high of $44.13. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.90.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, May 5th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.18. The business had revenue of $127.61 million during the quarter, compared to the consensus estimate of $114.99 million. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post -0.16 EPS for the current fiscal year.

SNCY has been the topic of several recent analyst reports. Susquehanna initiated coverage on shares of Sun Country Airlines in a research report on Tuesday, July 13th. They set a “positive” rating and a $42.00 price objective on the stock. Wolfe Research began coverage on shares of Sun Country Airlines in a report on Monday, April 12th. They set an “outperform” rating and a $49.00 price target on the stock. Susquehanna Bancshares began coverage on shares of Sun Country Airlines in a report on Tuesday, July 13th. They set a “positive” rating and a $34.74 price target on the stock. The Goldman Sachs Group began coverage on shares of Sun Country Airlines in a report on Monday, April 12th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Sun Country Airlines from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, June 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.25.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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Institutional Ownership by Quarter for Sun Country Airlines (NASDAQ:SNCY)

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