Primecap Management Co. CA Reduces Position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Primecap Management Co. CA lowered its position in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,815 shares of the company’s stock after selling 12,300 shares during the period. Primecap Management Co. CA owned approximately 0.27% of Sun Country Airlines worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings 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. CWM LLC boosted its position in Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC purchased a new stake in Sun Country Airlines in the 2nd quarter valued at about $40,000. DekaBank Deutsche Girozentrale bought a new position in Sun Country Airlines in the 1st quarter worth about $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Sun Country Airlines during the second quarter worth approximately $80,000.

Analysts Set New Price Targets

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

Insider Buying and Selling at Sun Country Airlines

In related news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares of the company’s stock, valued at $524,652.58. The trade was a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at $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. Over the last ninety days, insiders sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is owned by insiders.

Sun Country Airlines Trading Down 1.3 %

SNCY opened at $13.73 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The firm has a market cap of $726.87 million, a price-to-earnings ratio of 16.95, a PEG ratio of 0.64 and a beta of 1.48. Sun Country Airlines Holdings, Inc. has a 12 month low of $9.22 and a 12 month high of $17.56. The stock has a fifty day moving average price of $12.49 and a 200-day moving average price of $11.60.

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

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.