Geode Capital Management LLC Buys 136,924 Shares of Sun Country Airlines Holdings, Inc. $SNCY

Geode Capital Management LLC lifted its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,124 shares of the company’s stock after purchasing an additional 136,924 shares during the quarter. Geode Capital Management LLC’s holdings in Sun Country Airlines were worth $12,905,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SNCY. U S Global Investors Inc. raised its stake in Sun Country Airlines by 20.6% during the 2nd quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company’s stock worth $24,394,000 after buying an additional 354,569 shares during the period. Prospera Financial Services Inc acquired a new stake in Sun Country Airlines in the second quarter valued at approximately $345,000. CWM LLC increased its holdings in shares of Sun Country Airlines by 1,439.4% during the second quarter. CWM LLC now owns 29,063 shares of the company’s stock valued at $341,000 after acquiring an additional 27,175 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Sun Country Airlines during the second quarter worth approximately $394,000. Finally, Burkehill Global Management LP acquired a new position in shares of Sun Country Airlines during the first quarter worth approximately $1,232,000.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 2,139 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the completion of the transaction, the chief executive officer owned 123,347 shares in the company, valued at $1,441,926.43. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Gyurci sold 5,000 shares of Sun Country Airlines stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total value of $65,900.00. Following the sale, the vice president owned 25,109 shares in the company, valued at $330,936.62. The trade was a 16.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,149 shares of company stock worth $102,717 over the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNCY shares. JPMorgan Chase & Co. lifted their price target on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Cantor Fitzgerald set a $21.00 price objective on shares of Sun Country Airlines in a report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. Susquehanna raised their price target on shares of Sun Country Airlines from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, TD Cowen lifted their price target on Sun Country Airlines from $15.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.

Sun Country Airlines Stock Up 1.2%

Sun Country Airlines stock opened at $13.78 on Wednesday. Sun Country Airlines Holdings, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The firm’s 50-day simple moving average is $12.01 and its 200 day simple moving average is $12.06. The stock has a market cap of $726.48 million, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.48 and a beta of 1.58.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. Sun Country Airlines had a net margin of 5.25% and a return on equity of 10.32%. The firm had revenue of $127.61 million during the quarter. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 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.