Comerica Bank Cuts Stock Position in Sun Country Airlines Holdings, Inc. $SNCY

Key Points

• Comerica Bank trimmed its stake in Sun Country Airlines by 24.0% in Q4, selling 66,775 shares and leaving it with 211,136 shares worth about $3.04 million (roughly 0.40% of the company).
• Analyst views are mixed: the consensus rating is a "Hold" with a $20.29 price target, while recent notes ranged from Susquehanna's upgrade to "positive" and Citigroup raising its $20 neutral target to Zacks' downgrade to "strong sell."
• Sun Country missed its latest quarter with EPS of $0.43 versus $0.70 expected and revenue of $338.37M versus $345.97M, and the stock trades with a market cap around $855M and a P/E of 16.44.

Comerica Bank lessened its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,136 shares of the company's stock after selling 66,775 shares during the quarter. Comerica Bank owned about 0.40% of Sun Country Airlines worth $3,038,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. SummerHaven Investment Management LLC raised its stake in shares of Sun Country Airlines by 1.3% during the third quarter. SummerHaven Investment Management LLC now owns 63,294 shares of the company's stock worth $748,000 after purchasing an additional 806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sun Country Airlines by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company's stock worth $289,000 after purchasing an additional 1,014 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Sun Country Airlines by 7.7% during the third quarter. New York State Teachers Retirement System now owns 17,895 shares of the company's stock worth $211,000 after purchasing an additional 1,284 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Sun Country Airlines by 2.1% during the second quarter. Legal & General Group Plc now owns 68,113 shares of the company's stock worth $800,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Sun Country Airlines by 10.2% during the third quarter. Yousif Capital Management LLC now owns 16,252 shares of the company's stock worth $192,000 after purchasing an additional 1,500 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on SNCY. Citigroup upped their price target on Sun Country Airlines from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, March 20th. Weiss Ratings cut Sun Country Airlines from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Susquehanna upgraded Sun Country Airlines from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. Zacks Research cut Sun Country Airlines from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. Finally, TD Cowen reiterated a "hold" rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.29.

Sun Country Airlines Trading Down 0.0%

NASDAQ:SNCY opened at $15.79 on Monday. The stock has a fifty day moving average price of $17.22 and a two-hundred day moving average price of $15.83. The stock has a market capitalization of $855.39 million, a price-to-earnings ratio of 16.44, a PEG ratio of 0.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.79 and a current ratio of 0.82. Sun Country Airlines Holdings, Inc. has a 1 year low of $10.14 and a 1 year high of $22.29.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.27). The business had revenue of $338.37 million during the quarter, compared to analysts' expectations of $345.97 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%. As a group, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1 earnings per share for the current fiscal year.

Sun Country Airlines Profile

Sun Country Airlines NASDAQ: SNCY is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.

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