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

US Bancorp DE raised its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 4,522.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,367 shares of the company’s stock after buying an additional 8,186 shares during the period. US Bancorp DE’s holdings in Sun Country Airlines were worth $94,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SNCY. Vanguard Group Inc. grew its holdings in Sun Country Airlines by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock worth $70,577,000 after acquiring an additional 75,252 shares in the last quarter. U S Global Investors Inc. grew its holdings in shares of Sun Country Airlines by 14.2% during 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 buying an additional 336,086 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 112,397 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 purchasing an additional 257,418 shares during the last quarter. Finally, Dana Investment Advisors Inc. boosted its position in Sun Country Airlines by 114.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares in the last quarter.

Wall Street Analysts Forecast Growth

SNCY has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday. Wolfe Research raised 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. Barclays upped their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Susquehanna upped their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.33.

Sun Country Airlines Trading Down 3.5 %

Shares of Sun Country Airlines stock opened at $14.89 on Friday. The stock has a market cap of $788.28 million, a price-to-earnings ratio of 18.38, a PEG ratio of 0.70 and a beta of 1.48. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines Holdings, Inc. has a 12-month low of $9.22 and a 12-month high of $17.56. The company has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $11.58.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share 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 during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 31.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,720 shares of company stock worth $694,763 over the last 90 days. Company insiders own 4.60% of the company’s stock.

About Sun Country Airlines

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.