UBS Group AG Lowers Stock Holdings in Sun Country Airlines Holdings, Inc. $SNCY

UBS Group AG reduced its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 58.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,482 shares of the company’s stock after selling 463,347 shares during the period. UBS Group AG’s holdings in Sun Country Airlines were worth $4,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after buying an additional 2,040 shares during the period. Canada Pension Plan Investment Board purchased a new position in Sun Country Airlines in the second quarter valued at $59,000. Tower Research Capital LLC TRC boosted its holdings in Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after purchasing an additional 3,415 shares during the period. Acadian Asset Management LLC purchased a new position in Sun Country Airlines in the first quarter valued at $88,000. Finally, Brookwood Investment Group LLC purchased a new position in Sun Country Airlines in the fourth quarter valued at $168,000.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $16.17 on Friday. Sun Country Airlines Holdings, Inc. has a 1-year low of $10.14 and a 1-year high of $22.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.80. The stock has a market cap of $876.41 million, a PE ratio of 22.15, a P/E/G ratio of 0.74 and a beta of 1.40. The stock’s fifty day moving average is $16.61 and its two-hundred day moving average is $16.27.

Analysts Set New Price Targets

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

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.