Barclays PLC Grows Stock Holdings in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Barclays PLC increased its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 260.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 117,457 shares of the company's stock after purchasing an additional 84,906 shares during the period. Barclays PLC owned 0.22% of Sun Country Airlines worth $1,316,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,000 shares during the last quarter. US Bancorp DE lifted its position 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. Paloma Partners Management Co purchased a new position in shares of Sun Country Airlines during the 3rd quarter worth approximately $132,000. SG Americas Securities LLC purchased a new stake in Sun Country Airlines in the third quarter worth $159,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company's stock worth $188,000 after purchasing an additional 1,087 shares during the period.

Sun Country Airlines Trading Down 5.0 %

SNCY stock opened at $15.37 on Monday. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $16.43. The stock has a market capitalization of $813.69 million, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm's fifty day simple moving average is $14.80 and its two-hundred day simple moving average is $12.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) 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 last year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SNCY shares. Wolfe Research upgraded shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. Barclays increased their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Susquehanna raised their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.67.

Insiders Place Their Bets

In other news, VP John Gyurci sold 40,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total transaction of $624,400.00. Following the transaction, the vice president now directly owns 12,999 shares in the company, valued at approximately $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Erin Rose Neale sold 1,738 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares of the company's stock, valued at $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,504 shares of company stock worth $1,313,710 over the last quarter. Company insiders own 4.60% of the company's stock.

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.