Barclays PLC Purchases 84,906 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNCY. Farther Finance Advisors LLC boosted its stake in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Sun Country Airlines by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after acquiring an additional 1,087 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after purchasing an additional 2,512 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sun Country Airlines by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock worth $4,118,000 after buying an additional 3,641 shares in the last quarter. Finally, Creative Planning raised its position in Sun Country Airlines by 36.0% in the 3rd quarter. Creative Planning now owns 18,734 shares of the company’s stock valued at $210,000 after buying an additional 4,954 shares during the last quarter.

Insider Activity

In related news, SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the transaction, the senior vice president now directly owns 30,142 shares of the company’s stock, valued at $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the transaction, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at $524,652.58. This represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,458 shares of company stock worth $1,311,124. Insiders own 4.60% of the company’s stock.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $14.94 on Friday. Sun Country Airlines Holdings, Inc. has a 1-year low of $9.22 and a 1-year high of $16.34. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $14.39 and a 200 day simple moving average of $12.31. The stock has a market cap of $790.92 million, a P/E ratio of 18.44, a PEG ratio of 0.71 and a beta of 1.47.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm 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 company posted $0.14 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate 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 issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays upped their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wolfe Research upgraded shares of 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 investment analysts have rated the stock with a hold rating and four have assigned 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 an average target price of $18.33.

Sun Country Airlines Company 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.