Maryland State Retirement & Pension System Sells 947 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Maryland State Retirement & Pension System cut its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,219 shares of the company’s stock after selling 947 shares during the period. Maryland State Retirement & Pension System’s holdings in Sun Country Airlines were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC lifted its stake in Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new stake in Sun Country Airlines in the 2nd quarter worth approximately $40,000. Assetmark Inc. lifted its stake in Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines in the 1st quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Sun Country Airlines in the 2nd quarter worth approximately $80,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Cowen increased their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Susquehanna lowered their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $21.00 price objective on shares of Sun Country Airlines in a research report on Thursday, June 20th.

Insider Buying and Selling

In related news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total value of $60,300.00. Following the transaction, the senior vice president now owns 25,068 shares in the company, valued at approximately $302,320.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total value of $60,300.00. Following the transaction, the senior vice president now owns 25,068 shares in the company, valued at approximately $302,320.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the completion of the transaction, the chief executive officer now owns 122,905 shares in the company, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. Insiders have sold a total of 15,076 shares of company stock worth $186,491 in the last 90 days. 3.50% of the stock is owned by company insiders.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $11.01 on Thursday. The firm’s fifty day moving average price is $11.38 and its 200-day moving average price is $12.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a market cap of $581.44 million, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.58 and a beta of 1.54. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. On average, equities research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

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.