Rhumbline Advisers Sells 2,560 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Rhumbline Advisers trimmed its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,453 shares of the company’s stock after selling 2,560 shares during the quarter. Rhumbline Advisers owned about 0.22% of Sun Country Airlines worth $1,422,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Sun Country Airlines by 34.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock worth $45,467,000 after buying an additional 791,669 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Sun Country Airlines during the 4th quarter worth approximately $8,868,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sun Country Airlines during the 4th quarter worth approximately $6,898,000. Zimmer Partners LP acquired a new stake in Sun Country Airlines during the 4th quarter worth approximately $6,261,000. Finally, Hudson Bay Capital Management LP bought a new position in Sun Country Airlines during the 4th quarter worth approximately $5,475,000.

Sun Country Airlines Stock Down 0.1%

Sun Country Airlines stock opened at $10.82 on Thursday. Sun Country Airlines Holdings, Inc. has a twelve month low of $8.10 and a twelve month high of $18.59. The firm has a 50 day moving average price of $10.90 and a 200-day moving average price of $13.52. The company has a market capitalization of $575.73 million, a P/E ratio of 11.15, a P/E/G ratio of 0.21 and a beta of 1.63. 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) last announced its quarterly 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 company had revenue of $326.65 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.66 EPS. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen raised their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Barclays reduced their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.43.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 3,150 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the sale, the vice president now owns 26,122 shares in the company, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,812 shares of company stock worth $104,238. 5.00% of the stock is owned by corporate insiders.

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.