Principal Financial Group Inc. Increases Holdings in Sun Country Airlines Holdings, Inc. $SNCY

Principal Financial Group Inc. raised its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 25.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,444 shares of the company’s stock after purchasing an additional 70,743 shares during the quarter. Principal Financial Group Inc. owned about 0.66% of Sun Country Airlines worth $4,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNCY. Frontier Capital Management Co. LLC raised its holdings in shares of Sun Country Airlines by 53.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock valued at $41,520,000 after buying an additional 1,228,721 shares during the period. Apollo Management Holdings L.P. acquired a new stake in Sun Country Airlines in the second quarter valued at approximately $6,821,000. Arrowstreet Capital Limited Partnership grew its position in Sun Country Airlines by 91.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,217,131 shares of the company’s stock valued at $14,301,000 after acquiring an additional 580,062 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Sun Country Airlines by 276.5% during the second quarter. AQR Capital Management LLC now owns 672,101 shares of the company’s stock valued at $7,897,000 after purchasing an additional 493,581 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Sun Country Airlines by 141.1% during the second quarter. Qube Research & Technologies Ltd now owns 675,831 shares of the company’s stock worth $7,941,000 after purchasing an additional 395,486 shares in the last quarter.

Insider Buying and Selling

In other news, SVP Erin Rose Neale sold 2,257 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the transaction, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jude Bricker sold 5,062 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.55, for a total transaction of $88,838.10. Following the completion of the sale, the chief executive officer directly owned 167,982 shares in the company, valued at approximately $2,948,084.10. This trade represents a 2.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 21,378 shares of company stock valued at $343,249. Insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SNCY shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Citigroup increased their price target on Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday. Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Finally, Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.75.

Sun Country Airlines Stock Up 1.7%

SNCY stock opened at $21.19 on Monday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.49 and a beta of 1.58. Sun Country Airlines Holdings, Inc. has a 1-year low of $8.10 and a 1-year high of $22.29. The firm has a fifty day moving average price of $16.68 and a two-hundred day moving average price of $13.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current year.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.