New York State Teachers Retirement System Acquires 2,443 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

New York State Teachers Retirement System raised its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 17.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,611 shares of the company’s stock after purchasing an additional 2,443 shares during the quarter. New York State Teachers Retirement System’s holdings in Sun Country Airlines were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in Sun Country Airlines during the fourth quarter valued at about $190,000. SG Americas Securities LLC bought a new stake in shares of Sun Country Airlines during the 1st quarter valued at $498,000. Renaissance Technologies LLC purchased a new stake in Sun Country Airlines during the 4th quarter worth about $1,475,000. Victory Capital Management Inc. boosted its stake in Sun Country Airlines by 246.9% in the 4th quarter. Victory Capital Management Inc. now owns 119,709 shares of the company’s stock worth $1,745,000 after purchasing an additional 85,201 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Sun Country Airlines by 44.3% in the 4th quarter. JPMorgan Chase & Co. now owns 370,890 shares of the company’s stock worth $5,408,000 after purchasing an additional 113,789 shares during the period.

Sun Country Airlines Stock Up 7.4%

Shares of NASDAQ SNCY opened at $13.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $11.71 and a 200-day moving average of $13.22. The firm has a market capitalization of $716.74 million, a price-to-earnings ratio of 13.89, a PEG ratio of 0.24 and a beta of 1.61. Sun Country Airlines Holdings, Inc. has a 12 month low of $8.10 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $326.65 million during 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%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SNCY. Susquehanna upped their price target on 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 decreased their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, TD Cowen boosted their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.83.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $11.49, for a total transaction of $36,193.50. Following the sale, the vice president owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 9,372 shares of company stock valued at $110,365 in the last ninety days. 5.00% of the stock is currently owned by insiders.

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.