State Street Corp Acquires 51,224 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

State Street Corp grew its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,834 shares of the company’s stock after purchasing an additional 51,224 shares during the quarter. State Street Corp owned approximately 2.99% of Sun Country Airlines worth $17,721,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNCY. Farther Finance Advisors LLC lifted its holdings in shares of Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sun Country Airlines by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock valued at $188,000 after purchasing an additional 1,087 shares during the period. Public Sector Pension Investment Board grew its position in shares of Sun Country Airlines by 3.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock worth $1,047,000 after purchasing an additional 2,512 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Sun Country Airlines during the second quarter worth approximately $40,000. Finally, Bank of New York Mellon Corp raised its position in shares of Sun Country Airlines by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock valued at $4,118,000 after buying an additional 3,641 shares in the last quarter.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This trade represents a 31.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,458 shares of company stock valued at $1,311,124 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Sun Country Airlines Trading Up 0.5 %

NASDAQ SNCY opened at $15.07 on Tuesday. 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 Holdings, Inc. has a one year low of $9.22 and a one year high of $16.34. The business has a 50 day simple moving average of $14.00 and a 200 day simple moving average of $12.16. The stock has a market capitalization of $797.81 million, a P/E ratio of 18.60, a P/E/G ratio of 0.71 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million for the quarter, compared to the consensus estimate of $250.30 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. 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 report on Tuesday, October 8th. Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Barclays increased their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Sun Country Airlines Profile

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.