US Bancorp DE Grows Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

US Bancorp DE boosted its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 100.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,791 shares of the company’s stock after purchasing an additional 8,424 shares during the quarter. US Bancorp DE’s holdings in Sun Country Airlines were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNCY. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% in 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 during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Sun Country Airlines in the fourth quarter worth $154,000. Paloma Partners Management Co purchased a new stake in Sun Country Airlines in the third quarter worth $132,000. Versor Investments LP purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at $185,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Sun Country Airlines during the fourth quarter valued at $190,000.

Insider Activity at Sun Country Airlines

In other news, 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 approximately $448,512.96. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Gyurci sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following the sale, the vice president now directly owns 11,618 shares in the company, valued at $199,016.34. This trade represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,279 shares of company stock worth $3,406,656 in the last three months. 4.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SNCY has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Susquehanna upped their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines has an average rating of “Moderate Buy” and a consensus target price of $19.29.

Sun Country Airlines Stock Up 2.4 %

NASDAQ SNCY opened at $13.12 on Friday. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $18.59. The company has a market cap of $697.43 million, a P/E ratio of 13.81, a P/E/G ratio of 0.42 and a beta of 1.46. The business has a fifty day moving average price of $16.09 and a 200 day moving average price of $14.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. Research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

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.