Farther Finance Advisors LLC Raises Stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Farther Finance Advisors LLC grew its stake in shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 76.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,300 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Farther Finance Advisors LLC’s holdings in Sun Country Airlines were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SNCY. CWM LLC boosted its position in shares of Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Sun Country Airlines during the 2nd quarter worth $40,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sun Country Airlines during the 1st quarter worth $66,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines during the 2nd quarter worth $80,000. Finally, US Bancorp DE boosted its position in shares of Sun Country Airlines by 4,522.7% during 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 in the last quarter.

Insider Activity at Sun Country Airlines

In other news, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,720 shares of company stock valued at $694,763. 4.60% of the stock is owned by insiders.

Sun Country Airlines Trading Down 3.5 %

Shares of SNCY stock opened at $14.89 on Friday. The firm has a 50-day moving average price of $12.21 and a 200 day moving average price of $11.59. Sun Country Airlines Holdings, Inc. has a twelve month low of $9.22 and a twelve month high of $17.56. The company has a market capitalization of $788.28 million, a price-to-earnings ratio of 18.38, a PEG ratio of 0.70 and a beta of 1.48. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share 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 firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts forecast that Sun Country Airlines Holdings, Inc. will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna boosted 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 report on Monday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research report on Friday. 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. Finally, Barclays boosted 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 report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.33.

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.