State Street Corp Buys 51,224 Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

State Street Corp raised its holdings in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,580,834 shares of the company's stock after acquiring an additional 51,224 shares during the period. State Street Corp owned approximately 2.99% of Sun Country Airlines worth $17,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dana Investment Advisors Inc. boosted its position in Sun Country Airlines by 114.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company's stock worth $10,152,000 after acquiring an additional 431,515 shares during the last quarter. LSV Asset Management lifted its holdings in Sun Country Airlines by 159.9% during the 2nd quarter. LSV Asset Management now owns 656,088 shares of the company's stock worth $8,240,000 after purchasing an additional 403,630 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Sun Country Airlines by 213.2% in the second quarter. AQR Capital Management LLC now owns 516,269 shares of the company's stock valued at $6,484,000 after acquiring an additional 351,421 shares during the period. U S Global Investors Inc. boosted its holdings in Sun Country Airlines by 14.2% in the 3rd 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 during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Sun Country Airlines during the third quarter worth approximately $2,980,000.

Analysts Set New Price Targets

SNCY has been the topic of several recent analyst reports. Susquehanna raised their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Monday, November 4th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. 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 note on Thursday, November 14th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Insider Transactions at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $14.88, for a total value of $25,861.44. Following the completion of the transaction, the senior vice president now owns 30,142 shares of the company's stock, valued at $448,512.96. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the sale, the chief executive officer now directly owns 82,895 shares of the company's stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,458 shares of company stock worth $1,311,124 in the last ninety days. Insiders own 4.60% of the company's stock.

Sun Country Airlines Stock Performance

SNCY traded up $0.15 during trading on Tuesday, hitting $15.22. 161,400 shares of the company traded hands, compared to its average volume of 684,292. 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 has a market cap of $805.75 million, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46. The stock's fifty day moving average is $14.09 and its 200 day moving average is $12.19. 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 posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Sun Country Airlines Holdings, Inc. will post 0.92 EPS for the current fiscal year.

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.