Sun Country Airlines Holdings, Inc. $SNCY Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 25.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,444 shares of the company’s stock after acquiring an additional 70,743 shares during the quarter. Principal Financial Group Inc.’s holdings in Sun Country Airlines were worth $4,139,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after purchasing an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Sun Country Airlines by 1,556.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board bought a new position in Sun Country Airlines in the 2nd quarter valued at about $59,000. Ameritas Investment Partners Inc. increased its stake in Sun Country Airlines by 40.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after buying an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Sun Country Airlines by 183.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after buying an additional 3,415 shares during the period.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 5,062 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.55, for a total value of $88,838.10. Following the completion of the transaction, the chief executive officer owned 167,982 shares of the company’s stock, valued at approximately $2,948,084.10. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Erin Rose Neale sold 2,257 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $17.53, for a total transaction of $39,565.21. Following the transaction, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,378 shares of company stock valued at $343,249. 4.60% of the stock is currently owned by corporate insiders.

Sun Country Airlines Stock Performance

SNCY opened at $21.19 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.13 billion, a PE ratio of 22.07, a P/E/G ratio of 0.49 and a beta of 1.58. The business has a fifty day simple moving average of $16.68 and a 200-day simple moving average of $13.80. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The company had revenue of $280.96 million for the quarter, compared to analyst estimates of $272.98 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Sun Country Airlines’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNCY. Wall Street Zen cut shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Wolfe Research lowered Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research note on Friday, January 9th. Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 target price (down previously from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.75.

Sun Country Airlines Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.