Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust cut its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 749,746 shares of the company’s stock after selling 20,000 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Sun Country Airlines were worth $9,417,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SNCY. LSV Asset Management grew its holdings in Sun Country Airlines by 32.2% during the 1st quarter. LSV Asset Management now owns 252,458 shares of the company’s stock valued at $3,810,000 after buying an additional 61,558 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Sun Country Airlines by 199.6% during the first quarter. GSA Capital Partners LLP now owns 99,057 shares of the company’s stock valued at $1,495,000 after acquiring an additional 65,991 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Sun Country Airlines during the 1st quarter worth about $1,208,000. DekaBank Deutsche Girozentrale acquired a new position in Sun Country Airlines in the 1st quarter valued at about $66,000. Finally, Vanguard Group Inc. lifted its holdings in Sun Country Airlines by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after purchasing an additional 75,252 shares in the last quarter.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total transaction of $60,300.00. Following the completion of the sale, the senior vice president now owns 25,068 shares of the company’s stock, valued at $302,320.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total value of $60,300.00. Following the transaction, the senior vice president now directly owns 25,068 shares of the company’s stock, valued at approximately $302,320.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jude Bricker sold 2,086 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $12.62, for a total transaction of $26,325.32. Following the sale, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,076 shares of company stock valued at $186,491. 3.50% of the stock is currently owned by company insiders.

Sun Country Airlines Trading Up 1.8 %

NASDAQ SNCY opened at $11.19 on Friday. The company has a market cap of $590.94 million, a P/E ratio of 9.17, a P/E/G ratio of 0.59 and a beta of 1.54. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month 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 has a 50-day moving average of $11.33 and a 200-day moving average of $12.38.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Susquehanna lowered their price target on shares of Sun Country Airlines from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. Finally, 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.

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.