Bank of America Corp DE lessened its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 57.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,035 shares of the company's stock after selling 504,663 shares during the quarter. Bank of America Corp DE owned about 0.71% of Sun Country Airlines worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines in the fourth quarter valued at about $60,000. BNP Paribas Financial Markets acquired a new position in Sun Country Airlines during the fourth quarter worth $74,000. Aquatic Capital Management LLC bought a new stake in Sun Country Airlines during the 4th quarter worth about $102,000. Quarry LP raised its holdings in Sun Country Airlines by 355.0% during the fourth quarter. Quarry LP now owns 7,894 shares of the company's stock worth $115,000 after acquiring an additional 6,159 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at approximately $154,000.
Sun Country Airlines Price Performance
Shares of NASDAQ:SNCY traded down $0.04 on Friday, hitting $11.57. The company's stock had a trading volume of 510,560 shares, compared to its average volume of 833,939. The company has a market capitalization of $615.62 million, a PE ratio of 12.18, a PEG ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $13.81. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. Sell-side analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SNCY has been the topic of a number of recent analyst reports. TD Cowen raised their price target on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Susquehanna upped their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Barclays decreased their price target on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.43.
Read Our Latest Report on SNCY
Insider Buying and Selling
In related news, CEO Jude Bricker sold 2,172 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 5,662 shares of company stock worth $68,045 in the last ninety days. 5.00% of the stock is owned by insiders.
About Sun Country Airlines
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Free Report)
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.
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