New York State Teachers Retirement System Acquires Shares of 11,546 Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

New York State Teachers Retirement System acquired a new stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Rating) in the third quarter, Holdings Channel.com reports. The firm acquired 11,546 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Sun Country Airlines during the 1st quarter valued at about $253,000. Advisor Group Holdings Inc. grew its position in shares of Sun Country Airlines by 31.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares during the period. Bank of New York Mellon Corp grew its position in shares of Sun Country Airlines by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 123,755 shares of the company’s stock valued at $3,240,000 after acquiring an additional 5,496 shares during the period. MetLife Investment Management LLC grew its position in shares of Sun Country Airlines by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,144 shares of the company’s stock valued at $501,000 after acquiring an additional 6,826 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Sun Country Airlines by 18.8% during the 1st quarter. Rhumbline Advisers now owns 32,476 shares of the company’s stock valued at $850,000 after acquiring an additional 5,128 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Sun Country Airlines in a report on Friday, December 16th. They issued a “neutral” rating and a $19.00 price objective on the stock. Barclays lowered their price objective on Sun Country Airlines from $26.00 to $21.00 in a report on Wednesday, October 12th. Susquehanna lowered their price objective on Sun Country Airlines from $23.00 to $20.00 in a report on Tuesday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Sun Country Airlines from $29.00 to $26.00 in a report on Tuesday, December 20th. Finally, Susquehanna Bancshares lowered their price objective on Sun Country Airlines from $23.00 to $20.00 in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.11.

Sun Country Airlines Trading Up 1.1 %

SNCY opened at $18.63 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 116.44 and a beta of 1.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.05 and a quick ratio of 1.03. The company’s 50 day simple moving average is $18.44 and its two-hundred day simple moving average is $18.11. Sun Country Airlines Holdings, Inc. has a 1-year low of $13.25 and a 1-year high of $30.61.

Sun Country Airlines (NASDAQ:SNCYGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $221.70 million for the quarter, compared to analyst estimates of $216.16 million. Sun Country Airlines had a net margin of 1.17% and a return on equity of 4.85%. Analysts expect that Sun Country Airlines Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity

In other news, VP William Trousdale sold 10,000 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $19.00, for a total transaction of $190,000.00. Following the sale, the vice president now owns 8,208 shares of the company’s stock, valued at approximately $155,952. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 12,918 shares of company stock valued at $238,426. 3.30% of the stock is currently owned by company insiders.

Sun Country Airlines Profile

(Get Rating)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

See Also

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Institutional Ownership by Quarter for Sun Country Airlines (NASDAQ:SNCY)

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