Principal Financial Group Inc. Acquires 168,352 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Principal Financial Group Inc. grew its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Rating) by 25.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 832,529 shares of the company’s stock after purchasing an additional 168,352 shares during the quarter. Principal Financial Group Inc. owned approximately 1.44% of Sun Country Airlines worth $15,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SNCY. U S Global Investors Inc. lifted its holdings in shares of Sun Country Airlines by 5.9% in the first quarter. U S Global Investors Inc. now owns 3,804,889 shares of the company’s stock worth $99,612,000 after buying an additional 211,284 shares in the last quarter. Capital International Investors boosted its stake in Sun Country Airlines by 36.6% during the first quarter. Capital International Investors now owns 2,593,735 shares of the company’s stock worth $67,904,000 after buying an additional 695,201 shares during the period. Jennison Associates LLC raised its position in Sun Country Airlines by 2.9% in the 2nd quarter. Jennison Associates LLC now owns 1,617,418 shares of the company’s stock worth $29,663,000 after purchasing an additional 45,616 shares during the period. State Street Corp raised its holdings in shares of Sun Country Airlines by 19.9% in the first quarter. State Street Corp now owns 1,400,980 shares of the company’s stock worth $36,678,000 after buying an additional 232,588 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in shares of Sun Country Airlines by 4.9% during the second quarter. TimesSquare Capital Management LLC now owns 1,325,335 shares of the company’s stock worth $24,307,000 after purchasing an additional 61,700 shares during the last quarter.

Sun Country Airlines Stock Up 1.0 %

Shares of SNCY stock opened at $21.03 on Friday. The stock’s fifty day moving average price is $16.85 and its 200 day moving average price is $18.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.05 and a quick ratio of 1.03. Sun Country Airlines Holdings, Inc. has a 1-year low of $13.25 and a 1-year high of $30.61. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 131.45 and a beta of 1.15.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays decreased their target price on Sun Country Airlines from $26.00 to $21.00 in a research report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sun Country Airlines from $37.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Evercore ISI cut their target price on shares of Sun Country Airlines to $26.00 in a research report on Monday, August 15th. Cowen assumed coverage on shares of Sun Country Airlines in a research report on Tuesday, September 6th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, Susquehanna dropped their target price on Sun Country Airlines from $23.00 to $20.00 in a research report on Tuesday, October 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.25.

Insider Activity

In related news, VP William Trousdale sold 10,000 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $19.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now directly owns 8,208 shares in the company, valued at approximately $155,952. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 15,819 shares of company stock worth $280,230 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Sun Country Airlines Profile

(Get Rating)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

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Institutional Ownership by Quarter for Sun Country Airlines (NASDAQ:SNCY)

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