New York State Teachers Retirement System Buys 1,505 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

New York State Teachers Retirement System lifted its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,168 shares of the company’s stock after purchasing an additional 1,505 shares during the period. New York State Teachers Retirement System’s holdings in Sun Country Airlines were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in shares of Sun Country Airlines in the 4th quarter worth $30,841,000. State Street Corp boosted its position in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares during the last quarter. FMR LLC boosted its position in shares of Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the last quarter. Weiss Asset Management LP boosted its position in shares of Sun Country Airlines by 7.0% in the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock worth $6,472,000 after purchasing an additional 37,689 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Sun Country Airlines by 87.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after buying an additional 196,094 shares during the period.

Sun Country Airlines Stock Performance

SNCY opened at $16.93 on Tuesday. The business’s 50-day moving average price is $16.10 and its two-hundred day moving average price is $13.61. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $18.59. The company has a market capitalization of $900.00 million, a price-to-earnings ratio of 17.82, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $260.40 million for the quarter, compared to the consensus estimate of $258.04 million. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts expect that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays raised their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Susquehanna raised their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average target price of $19.29.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 40,000 shares of Sun Country Airlines stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. The trade was a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Davis sold 2,760 shares of Sun Country Airlines stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the sale, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $513,901.80. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,279 shares of company stock valued at $4,031,056 in the last 90 days. 4.60% of the stock is currently owned by company 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.