56,339 Shares in Sun Country Airlines Holdings, Inc. $SNCY Bought by Summit Global Investments

Summit Global Investments acquired a new stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 56,339 shares of the company’s stock, valued at approximately $665,000. Summit Global Investments owned approximately 0.11% of Sun Country Airlines as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. SummerHaven Investment Management LLC grew its position in shares of Sun Country Airlines by 1.3% during the 3rd quarter. SummerHaven Investment Management LLC now owns 63,294 shares of the company’s stock valued at $748,000 after acquiring an additional 806 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Sun Country Airlines in the third quarter valued at approximately $858,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Sun Country Airlines by 36.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 188,000 shares of the company’s stock valued at $2,220,000 after buying an additional 50,000 shares in the last quarter. Amalgamated Bank increased its position in shares of Sun Country Airlines by 33.3% in the third quarter. Amalgamated Bank now owns 15,078 shares of the company’s stock valued at $178,000 after buying an additional 3,767 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Sun Country Airlines by 7.7% during the 3rd quarter. New York State Teachers Retirement System now owns 17,895 shares of the company’s stock worth $211,000 after buying an additional 1,284 shares during the period.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 2,257 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the sale, the senior vice president owned 38,931 shares in the company, valued at $682,460.43. This trade represents a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stephen Andrew Coley sold 2,052 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the transaction, the senior vice president owned 45,040 shares of the company’s stock, valued at $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,626 shares of company stock worth $329,766 in the last ninety days. 5.00% of the stock is owned by insiders.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $17.54 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The stock’s fifty day moving average is $15.35 and its two-hundred day moving average is $13.23. The firm has a market capitalization of $924.71 million, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.40 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. Cantor Fitzgerald set a $21.00 price target on shares of Sun Country Airlines in a research note on Monday, November 3rd. TD Cowen reiterated a “buy” rating on shares of Sun Country Airlines in a report on Monday, November 3rd. Finally, Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.63.

Sun Country Airlines Company 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.