Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Position Reduced by Emerald Advisers LLC

Emerald Advisers LLC decreased its position in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,312 shares of the company’s stock after selling 63,879 shares during the period. Emerald Advisers LLC owned 1.68% of Sun Country Airlines worth $11,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its holdings in Sun Country Airlines by 146.4% during the second quarter. Los Angeles Capital Management LLC now owns 197,286 shares of the company’s stock worth $2,478,000 after purchasing an additional 117,221 shares in the last quarter. Privium Fund Management UK Ltd raised its holdings in Sun Country Airlines by 634.8% during the second quarter. Privium Fund Management UK Ltd now owns 171,130 shares of the company’s stock worth $2,153,000 after purchasing an additional 147,842 shares in the last quarter. Innealta Capital LLC bought a new stake in Sun Country Airlines during the second quarter worth approximately $40,000. Allspring Global Investments Holdings LLC bought a new stake in Sun Country Airlines during the second quarter worth approximately $80,000. Finally, Bank of New York Mellon Corp raised its holdings in Sun Country Airlines by 1.1% during 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.

Sun Country Airlines Trading Up 1.8 %

NASDAQ SNCY opened at $11.19 on Friday. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $17.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a market cap of $590.94 million, a price-to-earnings ratio of 9.17, a PEG ratio of 0.59 and a beta of 1.54. The firm’s 50 day moving average price is $11.33 and its two-hundred day moving average price is $12.38.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share 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 firm had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $255.59 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.84 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $12.42, for a total transaction of $62,100.00. Following the transaction, the senior vice president now directly owns 26,355 shares in the company, valued at approximately $327,329.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Jude Bricker sold 2,086 shares of the business’s stock in a transaction 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 this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $12.42, for a total transaction of $62,100.00. Following the transaction, the senior vice president now owns 26,355 shares in the company, valued at $327,329.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,076 shares of company stock worth $186,491. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.