Sun Country Airlines Holdings, Inc. $SNCY Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 36.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.35% of Sun Country Airlines worth $2,220,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Sun Country Airlines by 1,728.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after buying an additional 4,219 shares during the last quarter. GAMMA Investing LLC increased its stake in Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock worth $56,000 after buying an additional 3,955 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines during the second quarter valued at approximately $59,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Sun Country Airlines by 40.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after acquiring an additional 1,504 shares during the last quarter.

Sun Country Airlines Stock Up 4.5%

NASDAQ SNCY opened at $17.97 on Friday. The business’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $13.19. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $947.38 million, a PE ratio of 17.11, a P/E/G ratio of 0.38 and a beta of 1.57. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $18.59.

Analyst Upgrades and Downgrades

Several analysts recently commented on SNCY shares. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 target price (down previously from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Wolfe Research cut shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sun Country Airlines currently has an average rating of “Hold” and an average price target of $19.63.

Insider Activity

In other news, SVP Stephen Andrew Coley sold 2,052 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the sale, the senior vice president owned 45,040 shares in the company, valued at $679,653.60. This trade represents a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jude Bricker sold 5,062 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.55, for a total value of $88,838.10. Following the completion of the transaction, the chief executive officer owned 167,982 shares in the company, valued at $2,948,084.10. This represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,626 shares of company stock valued at $329,766 in the last 90 days. Company insiders own 5.00% of the company’s stock.

Sun Country Airlines 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.