Amalgamated Bank Sells 2,608 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Amalgamated Bank reduced its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 15.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,545 shares of the company’s stock after selling 2,608 shares during the quarter. Amalgamated Bank’s holdings in Sun Country Airlines were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its stake in shares of Sun Country Airlines by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock valued at $342,000 after buying an additional 776 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Sun Country Airlines in the fourth quarter worth about $307,000. Vanguard Group Inc. increased its holdings in Sun Country Airlines by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after purchasing an additional 150,735 shares during the period. WINTON GROUP Ltd increased its holdings in Sun Country Airlines by 60.2% during the 3rd quarter. WINTON GROUP Ltd now owns 26,371 shares of the company’s stock valued at $391,000 after purchasing an additional 9,905 shares during the period. Finally, Rhumbline Advisers increased its holdings in Sun Country Airlines by 3.1% during the 3rd quarter. Rhumbline Advisers now owns 117,918 shares of the company’s stock valued at $1,750,000 after purchasing an additional 3,593 shares during the period.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $10.16 on Thursday. The stock’s 50 day simple moving average is $13.51 and its two-hundred day simple moving average is $14.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. The stock has a market cap of $534.52 million, a price-to-earnings ratio of 8.33, a PEG ratio of 0.49 and a beta of 1.63. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $10.01 and a fifty-two week high of $23.80.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. As a group, analysts expect that Sun Country Airlines Holdings, Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,145 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at approximately $1,793,620.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 5,073 shares of company stock valued at $72,944. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SNCY. Barclays boosted their price target on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 5th. TD Cowen reduced their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and an average price target of $19.17.

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.