Farther Finance Advisors LLC Increases Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Farther Finance Advisors LLC grew its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 76.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,300 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sun Country Airlines were worth $26,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SNCY. CWM LLC boosted its stake in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Sun Country Airlines in the 1st quarter valued at about $66,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at about $80,000. Finally, US Bancorp DE boosted its stake in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the period.

Analysts Set New Price Targets

SNCY has been the subject of several recent analyst reports. Susquehanna boosted their target price on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays boosted their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday. Finally, Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Trading Down 3.5 %

SNCY opened at $14.89 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm has a market cap of $788.28 million, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $17.56. The business’s 50 day moving average is $12.21 and its two-hundred day moving average is $11.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. On average, research analysts predict that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current year.

Insider Activity

In related news, CEO Jude Bricker sold 37,817 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,720 shares of company stock valued at $694,763. Company insiders own 4.60% of the company’s stock.

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.