Principal Financial Group Inc. Trims Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Principal Financial Group Inc. trimmed its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,794 shares of the company’s stock after selling 3,074 shares during the quarter. Principal Financial Group Inc. owned 0.35% of Sun Country Airlines worth $2,072,000 at the end of the most recent reporting period.

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

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $14.33 on Friday. The company has a 50 day moving average price of $14.58 and a 200 day moving average price of $12.45. The firm has a market capitalization of $758.63 million, a P/E ratio of 17.69, a PEG ratio of 0.71 and a beta of 1.46. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 52 week low of $9.22 and a 52 week high of $16.34.

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, meeting the consensus estimate 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 quarter in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

SNCY has been the topic of several analyst reports. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays increased their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.33.

Insider Buying and Selling

In other news, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $448,512.96. This represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now directly owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,670 shares of company stock valued at $1,259,172 over the last 90 days. Insiders own 4.60% of the company’s stock.

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.