Bank of New York Mellon Corp Has $11.36 Million Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Bank of New York Mellon Corp lifted its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 230.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 922,128 shares of the company’s stock after purchasing an additional 642,902 shares during the quarter. Bank of New York Mellon Corp owned 1.73% of Sun Country Airlines worth $11,361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SNCY. Ameriprise Financial Inc. raised its position in shares of 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 purchasing an additional 791,669 shares during the period. Driehaus Capital Management LLC purchased a new stake in Sun Country Airlines in the 4th quarter valued at $8,868,000. Arrowstreet Capital Limited Partnership purchased a new stake in Sun Country Airlines in the 4th quarter valued at $6,898,000. Zimmer Partners LP purchased a new stake in Sun Country Airlines in the 4th quarter valued at $6,261,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Sun Country Airlines in the 4th quarter valued at $5,475,000.

Insider Buying and Selling 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 value of $36,193.50. Following the completion of the transaction, the vice president owned 26,122 shares in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 9,372 shares of company stock worth $110,365. 4.60% of the stock is currently owned by corporate insiders.

Sun Country Airlines Stock Down 1.3%

Shares of NASDAQ:SNCY opened at $12.48 on Monday. The company has a market capitalization of $664.06 million, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.26 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60. The business has a fifty day moving average price of $11.88 and a two-hundred day moving average price of $13.11. Sun Country Airlines Holdings, Inc. has a 1 year low of $8.10 and a 1 year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. Analysts forecast that Sun Country Airlines Holdings, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Susquehanna increased 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 lowered their price target on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, TD Cowen upped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average target price of $16.83.

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.