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

Barclays PLC boosted its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 260.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,457 shares of the company’s stock after buying an additional 84,906 shares during the period. Barclays PLC’s holdings in Sun Country Airlines were worth $1,316,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted 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 valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines during the 2nd quarter worth approximately $80,000. US Bancorp DE raised its holdings in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares during the period. Meeder Asset Management Inc. purchased a new position in Sun Country Airlines in the second quarter valued at approximately $124,000. Finally, Paloma Partners Management Co bought a new position in Sun Country Airlines during the third quarter valued at $132,000.

Insider Buying and Selling

In related news, VP John Gyurci sold 40,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the transaction, the vice president now directly owns 12,999 shares in the company, valued at $202,914.39. This trade represents a 75.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Davis sold 2,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at $524,652.58. The trade was a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,458 shares of company stock valued at $1,311,124 over the last quarter. 4.60% of the stock is owned by company insiders.

Sun Country Airlines Stock Down 1.4 %

Shares of SNCY opened at $14.94 on Friday. The firm has a market cap of $790.92 million, a P/E ratio of 18.44, a P/E/G ratio of 0.71 and a beta of 1.47. The stock has a 50 day simple moving average of $14.39 and a two-hundred day simple moving average of $12.31. 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 debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on SNCY. Susquehanna lifted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. 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 reiterated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Finally, Barclays increased their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.33.

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.