Maryland State Retirement & Pension System Sells 947 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Maryland State Retirement & Pension System lessened its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 6.7% during the second quarter, Holdings Channel.com reports. The fund owned 13,219 shares of the company’s stock after selling 947 shares during the period. Maryland State Retirement & Pension System’s holdings in Sun Country Airlines were worth $166,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SNCY. Charles Schwab Investment Management Inc. grew its holdings in Sun Country Airlines by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,460 shares of the company’s stock worth $4,994,000 after acquiring an additional 8,062 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sun Country Airlines during the 4th quarter valued at about $431,000. Assetmark Inc. boosted its stake in shares of Sun Country Airlines by 39.0% during the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after purchasing an additional 929 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Sun Country Airlines during the 4th quarter valued at about $7,078,000. Finally, Par Capital Management Inc. boosted its stake in shares of Sun Country Airlines by 95.7% during the 4th quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter.

Sun Country Airlines Trading Up 0.3 %

NASDAQ:SNCY opened at $11.01 on Thursday. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.58 and a quick ratio of 0.56. The company’s 50-day simple moving average is $11.38 and its 200 day simple moving average is $12.44. The firm has a market capitalization of $581.44 million, a P/E ratio of 9.02, a PEG ratio of 0.58 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The business had revenue of $254.40 million for the quarter, compared to analyst estimates of $255.59 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Sun Country Airlines’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SNCY shares. TD Cowen lifted their target price on shares of Sun Country Airlines from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, Susquehanna cut their target price on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $12.42, for a total value of $62,100.00. Following the completion of the transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $327,329.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sun Country Airlines news, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the completion of the transaction, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at $1,551,061.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $12.42, for a total transaction of $62,100.00. Following the completion of the transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $327,329.10. The disclosure for this sale can be found here. Insiders have sold 15,076 shares of company stock valued at $186,491 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

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.