Bank of New York Mellon Corp Grows Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bank of New York Mellon Corp grew its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 230.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 922,128 shares of the company's stock after purchasing an additional 642,902 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.73% of Sun Country Airlines worth $11,361,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sun Country Airlines by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock valued at $328,000 after purchasing an additional 796 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sun Country Airlines by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock valued at $5,191,000 after purchasing an additional 1,932 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Sun Country Airlines by 17.2% in 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Sun Country Airlines by 9.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after purchasing an additional 4,089 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen boosted their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Susquehanna lifted 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 report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective 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. Finally, Barclays cut their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.83.

Sun Country Airlines Stock Performance

NASDAQ:SNCY traded down $0.84 during trading hours on Thursday, hitting $11.80. 1,068,312 shares of the company were exchanged, compared to its average volume of 954,825. The stock has a market capitalization of $627.88 million, a price-to-earnings ratio of 12.16, a PEG ratio of 0.27 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. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60. The company's 50 day moving average price is $11.87 and its 200-day moving average price is $13.07.

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 the consensus estimate of $0.70 by $0.02. The company had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. Sun Country Airlines's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, research analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total value of $36,193.50. Following the sale, the vice president directly owned 26,122 shares of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 9,372 shares of company stock valued at $110,365. 5.00% 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.