Geode Capital Management LLC Sells 41,945 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Geode Capital Management LLC decreased its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,366 shares of the company's stock after selling 41,945 shares during the period. Geode Capital Management LLC owned approximately 1.70% of Sun Country Airlines worth $10,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company's stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Sun Country Airlines in the 2nd quarter worth about $80,000. US Bancorp DE lifted its stake in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company's stock valued at $94,000 after acquiring an additional 8,186 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Sun Country Airlines during the 2nd quarter valued at about $124,000. Finally, Paloma Partners Management Co purchased a new position in shares of Sun Country Airlines during the third quarter valued at approximately $132,000.

Sun Country Airlines Stock Performance

NASDAQ:SNCY traded down $0.05 during mid-day trading on Thursday, hitting $14.53. 433,455 shares of the company traded hands, compared to its average volume of 679,657. 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 stock's fifty day moving average price is $14.50 and its 200-day moving average price is $12.40. The firm has a market cap of $769.22 million, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46. Sun Country Airlines Holdings, Inc. has a one year low of $9.22 and a one year high of $16.34.

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, 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 company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same period in the previous year, the company posted $0.14 EPS. The firm's revenue was up .2% on a year-over-year basis. Research analysts anticipate that Sun Country Airlines Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 30,142 shares in the company, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,670 shares of company stock valued at $1,259,172 over the last three months. Corporate insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SNCY shares. Barclays lifted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Wolfe Research raised Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a report on Tuesday, October 8th. Susquehanna increased their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sun Country Airlines has an average rating of "Moderate Buy" and an average price target of $18.33.

About Sun Country Airlines

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.