Barclays PLC Grows Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Barclays PLC raised its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 260.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,457 shares of the company’s stock after acquiring an additional 84,906 shares during the quarter. Barclays PLC owned approximately 0.22% of Sun Country Airlines worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. U S Global Investors Inc. boosted its stake in Sun Country Airlines by 14.2% in the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after acquiring an additional 336,086 shares during the last quarter. State Street Corp boosted its stake in Sun Country Airlines by 3.3% in the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock valued at $17,721,000 after acquiring an additional 51,224 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sun Country Airlines by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after acquiring an additional 112,397 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 during the last quarter. Finally, Dana Investment Advisors Inc. boosted its stake in Sun Country Airlines by 114.5% in the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after acquiring an additional 431,515 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNCY. Susquehanna upped their price target on shares of Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays upped their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Wolfe Research upgraded shares of 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 note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.67.

Insiders Place Their Bets

In other news, CFO David M. Davis sold 2,115 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the transaction, the chief financial officer now owns 36,158 shares of the company’s stock, valued at $524,652.58. This represents a 5.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares in the company, valued at $448,512.96. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,504 shares of company stock worth $1,313,710 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $16.18 on Monday. Sun Country Airlines Holdings, Inc. has a 1 year low of $9.22 and a 1 year high of $16.43. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The stock has a market capitalization of $856.57 million, a PE ratio of 19.98, a P/E/G ratio of 0.71 and a beta of 1.44. The company’s 50 day simple moving average is $14.80 and its two-hundred day simple moving average is $12.61.

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

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.