Geode Capital Management LLC Cuts Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Geode Capital Management LLC lowered its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 900,366 shares of the company’s stock after selling 41,945 shares during the period. Geode Capital Management LLC owned 1.70% of Sun Country Airlines worth $10,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 in the last quarter. FMR LLC boosted its stake in Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares in the last quarter. Algert Global LLC lifted its stake in shares of Sun Country Airlines by 207.3% during the second quarter. Algert Global LLC now owns 360,273 shares of the company’s stock worth $4,525,000 after buying an additional 243,028 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Sun Country Airlines during the 3rd quarter worth about $500,000. Finally, Maverick Capital Ltd. purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $1,890,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays increased their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Finally, Susquehanna increased 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 report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have issued 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 $18.33.

Sun Country Airlines Stock Down 1.2 %

SNCY stock opened at $14.58 on Thursday. The firm’s 50 day moving average price is $14.47 and its 200-day moving average price is $12.39. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market cap of $771.87 million, a PE ratio of 18.00, a PEG ratio of 0.71 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $16.34.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during 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%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, equities research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Insider Activity

In other Sun Country Airlines news, SVP Erin Rose Neale sold 1,738 shares of Sun Country Airlines stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now owns 12,999 shares in the company, valued at $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,670 shares of company stock valued at $1,259,172. 4.60% of the stock is currently owned by corporate insiders.

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.