Bank of America Corp DE Has $5.45 Million Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bank of America Corp DE decreased its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,035 shares of the company's stock after selling 504,663 shares during the period. Bank of America Corp DE owned approximately 0.71% of Sun Country Airlines worth $5,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SNCY. Pacer Advisors Inc. acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $30,841,000. Ameriprise Financial Inc. grew its stake in shares of Sun Country Airlines by 34.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after acquiring an additional 791,669 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $6,898,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Sun Country Airlines by 24.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after acquiring an additional 374,221 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Sun Country Airlines by 26.5% in the fourth quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock worth $20,353,000 after acquiring an additional 292,275 shares during the last quarter.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY traded down $0.04 during midday trading on Friday, reaching $11.57. 510,560 shares of the company traded hands, compared to its average volume of 834,510. The firm has a market cap of $615.62 million, a PE ratio of 12.18, a PEG ratio of 0.42 and a beta of 1.57. The stock's 50-day simple moving average is $10.92 and its 200-day simple moving average is $13.76. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. As a group, equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares of the company's stock, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 5,662 shares of company stock valued at $68,045 over the last ninety days. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNCY. Susquehanna raised their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. TD Cowen raised their target price 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. Barclays reduced their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price on 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

About Sun Country Airlines

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.