Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,794 shares of the company’s stock after selling 3,074 shares during the quarter. Principal Financial Group Inc. owned 0.35% of Sun Country Airlines worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNCY. Dana Investment Advisors Inc. lifted its stake in Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after buying an additional 431,515 shares in the last quarter. LSV Asset Management raised its stake in Sun Country Airlines by 159.9% during the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company’s stock valued at $8,240,000 after purchasing an additional 403,630 shares during the period. AQR Capital Management LLC raised its stake in Sun Country Airlines by 213.2% during the 2nd quarter. AQR Capital Management LLC now owns 516,269 shares of the company’s stock valued at $6,484,000 after purchasing an additional 351,421 shares during the period. U S Global Investors Inc. lifted its holdings in shares of Sun Country Airlines by 14.2% in 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 purchasing an additional 336,086 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Sun Country Airlines by 40.0% in the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock worth $11,321,000 after buying an additional 257,418 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNCY shares. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna lifted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the transaction, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John Gyurci sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the sale, the vice president now directly owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,720 shares of company stock valued at $694,763. 4.60% of the stock is currently owned by company insiders.

Sun Country Airlines Stock Down 1.3 %

SNCY opened at $13.73 on Friday. The business has a 50 day moving average of $12.49 and a 200-day moving average of $11.60. The stock has a market capitalization of $726.87 million, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.62 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 1-year low of $9.22 and a 1-year high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. During the same period in the prior year, the company posted $0.14 earnings per share. Sun Country Airlines’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current 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.