US Bancorp DE Purchases 8,186 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

US Bancorp DE grew its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 4,522.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,367 shares of the company’s stock after acquiring an additional 8,186 shares during the quarter. US Bancorp DE’s holdings in Sun Country Airlines were worth $94,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after buying an additional 75,252 shares during the period. U S Global Investors Inc. grew its holdings in Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after buying an additional 336,086 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sun Country Airlines by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after acquiring an additional 257,418 shares in the last quarter. Finally, Dana Investment Advisors Inc. boosted its holdings in shares of Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after buying an additional 431,515 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SNCY shares. Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday. Susquehanna increased their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

Sun Country Airlines Stock Performance

Shares of SNCY opened at $14.89 on Friday. The firm has a market capitalization of $788.28 million, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. The company has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $11.58. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $17.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last announced 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 company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity

In related news, CFO David M. Davis sold 2,115 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction on 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 sale, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock valued at $694,763 in the last ninety days. 4.60% of the stock is currently owned by company insiders.

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.