Comerica Bank Reduces Stock Holdings in Sun Country Airlines Holdings, Inc. $SNCY

Comerica Bank lowered its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,136 shares of the company’s stock after selling 66,775 shares during the quarter. Comerica Bank’s holdings in Sun Country Airlines were worth $3,038,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Sun Country Airlines in the third quarter valued at $858,000. Primecap Management Co. CA increased its position in shares of Sun Country Airlines by 74.5% in the third quarter. Primecap Management Co. CA now owns 143,115 shares of the company’s stock valued at $1,690,000 after buying an additional 61,100 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Sun Country Airlines by 28.9% in the third quarter. Public Sector Pension Investment Board now owns 247,847 shares of the company’s stock valued at $2,927,000 after buying an additional 55,627 shares in the last quarter. American Century Companies Inc. increased its position in shares of Sun Country Airlines by 8.2% in the third quarter. American Century Companies Inc. now owns 1,989,120 shares of the company’s stock valued at $23,492,000 after buying an additional 150,778 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Sun Country Airlines in the third quarter valued at $353,000.

Sun Country Airlines Stock Down 0.0%

SNCY opened at $15.79 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a market cap of $855.39 million, a P/E ratio of 16.44, a PEG ratio of 0.56 and a beta of 1.40. Sun Country Airlines Holdings, Inc. has a 52 week low of $10.14 and a 52 week high of $22.29. The business’s fifty day simple moving average is $17.22 and its 200 day simple moving average is $15.83.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.27). The company had revenue of $338.37 million for the quarter, compared to analyst estimates of $345.97 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. As a group, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNCY. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price target for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Wolfe Research lowered Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Citigroup increased their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Finally, Weiss Ratings lowered Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sun Country Airlines has a consensus rating of “Hold” and an average target price of $20.29.

Sun Country Airlines Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.