Sun Country Airlines Holdings, Inc. $SNCY Stock Position Cut by Boston Partners

Boston Partners lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 14.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,415 shares of the company’s stock after selling 10,380 shares during the period. Boston Partners owned 0.12% of Sun Country Airlines worth $781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System boosted its position in shares of Sun Country Airlines by 17.2% during the 1st quarter. New York State Teachers Retirement System now owns 16,611 shares of the company’s stock valued at $205,000 after purchasing an additional 2,443 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Sun Country Airlines during the 1st quarter valued at about $498,000. Renaissance Technologies LLC bought a new position in shares of Sun Country Airlines during the 4th quarter valued at about $1,475,000. Burkehill Global Management LP bought a new position in shares of Sun Country Airlines during the 1st quarter valued at about $1,232,000. Finally, Geode Capital Management LLC boosted its position in shares of Sun Country Airlines by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 916,393 shares of the company’s stock valued at $13,364,000 after purchasing an additional 16,027 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNCY. JPMorgan Chase & Co. reduced their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Morgan Stanley reduced their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. TD Cowen upped their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Evercore ISI reduced their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $11.00 price objective (down from $12.00) on shares of Sun Country Airlines in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and an average target price of $17.38.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $12.20 on Monday. The company has a 50 day simple moving average of $11.84 and a 200-day simple moving average of $12.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.59. The firm has a market capitalization of $650.50 million, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.29 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a 52-week low of $8.10 and a 52-week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $263.62 million during the quarter, compared to analyst estimates of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In related news, VP John Gyurci sold 3,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the transaction, the vice president owned 26,122 shares of the company’s stock, valued at approximately $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 9,372 shares of company stock valued at $110,365 over the last ninety days. 4.60% of the stock is owned by corporate insiders.

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.