Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,172 shares of the company’s stock after selling 4,669 shares during the period. Texas Permanent School Fund Corp owned 0.06% of Sun Country Airlines worth $366,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Sun Country Airlines by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after buying an additional 75,252 shares during the period. Par Capital Management Inc. grew its stake in shares of Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock worth $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter. LSV Asset Management grew its stake in shares of Sun Country Airlines by 159.9% in the second quarter. LSV Asset Management now owns 656,088 shares of the company’s stock worth $8,240,000 after purchasing an additional 403,630 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Sun Country Airlines in the fourth quarter worth $7,078,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Sun Country Airlines by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock worth $4,118,000 after purchasing an additional 3,641 shares in the last quarter.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares of the company’s stock, valued at $162,799.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total transaction of $26,325.32. Following the transaction, the chief executive officer now directly owns 122,905 shares in the company, valued at approximately $1,551,061.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Gyurci sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The disclosure for this sale can be found here. Insiders sold 18,076 shares of company stock valued at $220,391 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Sun Country Airlines Trading Down 2.3 %

Shares of SNCY stock opened at $11.38 on Friday. The stock has a 50-day simple moving average of $11.09 and a 200 day simple moving average of $12.12. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.56. The stock has a market capitalization of $600.98 million, a P/E ratio of 9.33, a P/E/G ratio of 0.57 and a beta of 1.54. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results 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. Sun Country Airlines had a return on equity of 10.34% and a net margin of 4.75%. The business had revenue of $254.40 million during the quarter, compared to analysts’ expectations of $255.59 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNCY has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen increased their price target on Sun Country Airlines from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Susquehanna decreased their price target on Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, August 16th.

Sun Country Airlines 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.