South Dakota Investment Council Has $2.58 Million Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

South Dakota Investment Council cut its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,750 shares of the company's stock after selling 22,900 shares during the quarter. South Dakota Investment Council owned about 0.39% of Sun Country Airlines worth $2,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in 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 worth $5,191,000 after purchasing an additional 1,932 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Sun Country Airlines in the 4th quarter worth about $190,000. Quantbot Technologies LP purchased a new position in Sun Country Airlines during the 4th quarter valued at about $186,000. American Century Companies Inc. grew its stake in Sun Country Airlines by 26.5% during the 4th quarter. American Century Companies Inc. now owns 1,395,948 shares of the company's stock valued at $20,353,000 after acquiring an additional 292,275 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Sun Country Airlines during the 4th quarter valued at about $409,000.

Sun Country Airlines Stock Performance

Shares of SNCY stock traded down $0.78 during trading hours on Thursday, reaching $11.86. 329,283 shares of the company's stock were exchanged, compared to its average volume of 965,173. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The stock has a market capitalization of $631.07 million, a P/E ratio of 12.23, a P/E/G ratio of 0.26 and a beta of 1.61. The business has a fifty day moving average price of $11.88 and a 200-day moving average price of $13.09. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.77.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The business had revenue of $326.65 million during the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. Sun Country Airlines's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNCY shares. JPMorgan Chase & Co. lowered their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Barclays lowered their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen boosted their price target on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Susquehanna boosted their price target on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of "Moderate Buy" and an average price target of $16.83.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the transaction, the vice president directly owned 26,122 shares in the company, valued at approximately $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 9,372 shares of company stock valued at $110,365 in the last three months. Corporate insiders own 5.00% of the company's stock.

Sun Country Airlines Company 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.