Comerica Bank reduced its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Free Report) by 8.0% during the first quarter, according to the company’s most recent disclosure with the SEC. The fund owned 16,513 shares of the company’s stock after selling 1,442 shares during the quarter. Comerica Bank’s holdings in Sun Country Airlines were worth $249,000, according to the company’s most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in Sun Country Airlines during the fourth quarter valued at about $307,000. Illinois Municipal Retirement Fund increased its stake in Sun Country Airlines by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after buying an additional 776 shares during the same period. Charles Schwab Investment Management Inc. increased its stake in Sun Country Airlines by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock valued at $4,994,000 after buying an additional 8,062 shares during the same period. Dynamic Technology Lab Private Ltd acquired a new stake in Sun Country Airlines during the fourth quarter valued at about $431,000. Finally, Assetmark Inc. increased its stake in shares of Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after purchasing an additional 929 shares during the period.
Analysts set new price targets
Several research firms have recently commented on SNCY. TD Cowen increased their price target on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, Susquehanna reduced their price target on shares of Sun Country Airlines from $13.00 to $11.00 and issued a “neutral” rating to the company in a research note on Friday. Two equities research analysts have rated the stock with a “hold” rating and four have given a “buy” rating. The company currently has an average rating of “moderate buy” and a consensus price target of $19.00, according to MarketBeat.com.
Get our latest research report on Sun Country Airlines
Insider activity
In related news, CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the CEO now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC’s website. In related news, CEO Jude Bricker sold 2,086 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the sale, the CEO now owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The sale was disclosed in a document filed with the SEC, which is accessible from the SEC’s website. Also, on Monday, July 1, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock. The shares were sold at an average price of $12.42, for a total transaction of $62,100.00. Following the sale, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The disclosure regarding this sale can be found here. In the last 90 days, insiders sold 20,964 shares of the company’s stock, valued at $249,375. Insiders own 3.50% of the company’s stock.
Sun Country Airlines share price rises 0.8%
Shares of SNCY opened at $9.75 on Friday. The stock has a market cap of $514.90 million, a price-to-earnings ratio of 7.99, a PEG ratio of 0.53 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.56. The company has a 50-day average price of $11.54 and a 200-day average price of $12.85.
Sun Country Airlines (NASDAQ:SNCY – Free Report) last released its earnings results on Thursday, August 1. The company reported earnings per share (EPS) of $0.06 for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The company had revenues of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. In the same quarter last year, the company reported earnings per share of $0.40. Sun Country Airlines’ quarterly revenue declined 2.6% compared to the same quarter last year. Equities analysts forecast that Sun Country Airlines Holdings, Inc. will report earnings per share of $0.84 for the current fiscal year.
Profile of Sun Country Airlines
(Free report)
Sun Country Airlines Holdings, Inc. is an aviation company that provides scheduled airline services, air cargo, charter services and related services in the United States, Latin America and internationally. The Company operates in two segments: Passenger and Cargo Services. The Company also provides crew, maintenance and insurance services through ad hoc, repeat, short-term and long-term service agreements, as well as loyalty program rewards programs.
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